In this Spreadsheet I am comparing: OPTION: 1 Conventional Financing for "Buy & Hold" for a Rental vsOPTION: 2 using "Subject To" and Reselling to a Tenant Buyer OPTION: 1 As a Rental, the Kitchen and Bathrooms needed updating requiring about $5,000 of work in order to be ready to be a Rental.

Vs if you only earn 5k a year in cash flow that would take 4 years to get that money back, it might be better for me to think about where else i can put that money to better use.Or maybe you can invest that 20k into the property like getting a new kitchen and bathroom and now maybe the appraisal gives you a $20-40k bump in equity doubling your cash invested.  

We will charge Under $1,000/ month per student for every student to have their bedroom and in this case 3 full bathrooms, kitchen and Livingroom. 

(Reserve funds needed for the unexpected roof, furnace, kitchen remodel . . . etc.)

Even higher if I want to sink some capital into some kitchen upgrades.I'll be using property management and they'll take 10% per month + 100% of the first month for getting a new tenant. 

Within each point of entry there's varying levels of risk: by-right entitlements vs. zoning relief; kitchen and bath and/or management upgrades to an existing building vs. ground up construction; C/D location real estate vs.

Also make sure the bathroom and kitchen have ventilation fans operated on humidistat switches,  otherwise as soon as you get tenants cooking and taking showers down there you will get a lot more humidity to manage.And you may not be able to control what  your neighbor does,   but +1 on checking your own downspouts.   

I cashed in my $30K retirement and added a kitchen to downstairs to create a 2-bedroom apt. 

Track patterns, not one-offs .Maintenance triageLife-safety and habitability = immediate.Nuisance items batched into one visit to save trip fees; set boundaries for light bulbs, loose handles, squeaky doors .HVAC filters and tune-ups on cadence with photo proof; replace only when failure or at turn unless risk dictates .Turn standardScope template: paint touch-up, flooring repair, caulk, deep clean, locks rekey, curb appeal.Do big upgrades at vacancy, not with tenants in place, unless safety or leakage forces it .PM accountabilityExpectations doc: response times, approval limits, photo receipts, monthly owner update.Calendar check-ins: delinquency on the 6th, vacancy every Friday, turns twice weekly until listed .Biggest time sinks and how to cut themBack-and-forth on minor work orders: batch and set thresholds; teach PM what’s urgent vs optional .Chasing updates: standardize touchpoints and require proof-in-photos for work done .Overpricing vacancies: use ranges, listen to PM’s on-the-ground read, and choose speed over squeezing the last bit on your first units .Quick wins when inquiries slowPhoto order: lead with the best exterior at golden hour, then kitchen, bath, best room.Price bracket tweak: drop to just under a common search filter and add a move-in credit line in the first sentence.First 5 photos tell the whole story: light, clean, and your three sell points up front.Your next movePick one property.

A well stocked kitchen, carbon monoxide detectors, fire extinguishers, etc.