I don't have a formula that I use and I'm much less concerned about cash flow than I am equity, although the potential added cash flow in your situation is a really nice bonus. 

th=1Also, here is a fluidmaster link, it's a major brand for toilet repair parts:https://shop.fluidmaster.com/toilet-parts/category/toiletPartsGood Luck!

And management is going to be quite active.I have been BRRRR-ing for over a decade and in the current market the "B" does not work so well anymore with ultra-low inventory, but on the positive note we appreciation has become a major component, so we target neighborhoods that look well in that category.

I'd appreciate if you could expound on your thought @JohnWarren  One simple explanation is that 1-4 units considered in Residential category.

Appreciation is a bonus IMHO.Not every place down that way is a STR.

I have funded quite a few Tax sale purchases on bare land in FLA and my clients I lent money to did well with them.. but they are spot lots. and they sold pretty quick on the open market not sure having habitat as a buyer is any bonus for U.

In May, as in the previous three months, the growth in homes particularly priced in the $200,000 to $350,000 range outpaced all other price categories, as home inventory in this range grew by 46.6% compared with last year, surpassing even last month’s high 41.0% growth rate.

I wouldn't put Puerto Plata in that category though.Robert, you're absolutely right in your thinking and there.

@Gulliver R. you may be including in supplies, but this category can include coffee, other beverages, condiments, paper towels, toilet paper, garbage bags, etc.

Property management software is broken into 2 main categories: companies that offer built-in accounting (like DoorLoop) and companies that don't.