Don McClain, Founder of Medro Advisors, reviews the operating questions behind a non-owner-occupied, one-to-four-unit rental property acquisition. Consider rent, vacancy, repairs, reserves and management responsibilities together when planning the ownership change and financing. The budget should reflect what the property needs after closing. Related reading: his forthcoming book, FUNDED.
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ALS Updates
Plan the Operating Handover for a Rental Property Acquisition
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