We were able to secure this off-market three years ago and the property had substantial upside.Below market rents.Ability to capture a number of other income drivers.Additional contracts to produce other revenue streams.High expenses.Inefficient current management.We were able to reposition this asset quickly and efficiently and make this a great place for people to live.

Also the local utility companies may offer free incentives like free light bulbs or rebates on energy efficient hvac equipment.

You do not have current REI experience or handyman skills but have willingness, energy and 50k cash for investment and want to build passive income via Real estate keeping your current job until foreseeable future.

Real Estate is hyper local and takes a deep understanding of all of the metrics of the location community neighborhood street and block.Multi family is a business so it’s all about the numbers so you want to make sure you fully understand the different types and classes of properties, how to maximize income and control expenses and everything it takes to operate a property efficiently and profitably.

I think finding the complimentary skill sets is a great idea and leads to greater project/task efficiency in the long-run.

BedroomsRemember that long term tenants usually have some kids This is why having a 2-3 bedroom house is good for long-term tenantsAgeOlder the property, the more value that can be created Means a lot more work It’s also less efficient for the tenant paying the utilitiesUtilitiesLook for properties where the tenant pays all the utilities Some are not possibleLawnRecreational space for the tenant is sometimes important Keep in mind that they probably won't take care of it as you would8 problems to look for when shopping for a rental propertySeem to be bad but are usually easy to fix Bad smell Carpet: removing the carpet will usually fix the problem.

@Tony RobertsI like your energy, but some core things are off.

Cashflow, Loan paydown, Appreciation, and Tax savings) throughout the life of the investment- Cap Rate (Capitalization Rate) is a annual measure of how efficient a property generates NOI in relation to the property's cost/value.

Another potential solution is getting an oil burner that is more efficient and auto fills.

It does nothing but efficiently charge me a monthly fee of 29 dollars for NOTHING, as it only served to send random letters to the bureaus on my behalf that all got rejected because they were poorly written and devoid of proper identifying information to carry out the request which by the way, was pointless because it only sought to keep organizations from pre-approving me by denying them access to my credit report.