Common trends in our reviews are that the area feels unsafe and shady (I actually had someone break in during our rehab and set off some firecrackers in the home, almost starting a fire!)

Clear house rules matterSpell out shared-space rules very clearly:– Quiet hours– Guests– Parking– Cleaning expectations– Utilities and internet– Damage responsibility in common areasAmbiguity in shared housing causes more issues than rent.5.

@Zack WhitingThis is a common issue with infill lots in older neighborhoods, the biggest risk is overbuilding relative to what the area supports.

A common approach is to set aside estimated taxes at the LLC level when the deal closes, then distribute the remainder, with final true-ups at tax time.

Duplexes are extremely common here so potential for cash flow is higher.

Unfortunately this is common, but it's also a red flag. 

I follow your reasoning and the tenant MAY have been caused by a tenant error, but the tenant isn't expected to have any special knowledge about how things work.

What are your taxes, insurance, property management, water, sewer, trash, common electric, snow removal/lawncare, turnover, and set aside funds for CapEx?

Three common approaches:1.

Buyer is responsible for the common area lawn & snow removal.2. traditional financing, $550k.