Assuming your debt is SUPER cheap and only costs you 12% you’ll save $22,800 TAX FREE  So the combination is saving $60k at 12% (or more) is $7,200/yr and $130k in the bank at only 4.5% is another $5,850/yr  so you’re over $13k GUARANTEED instead of a chance to make $7,200 before taxes  

(MTM leases should cost more than yearly leases.)

Insurance-  replacement costs.  

Finding durable products at reasonable costs. 

Even though the FMRs are $730, I was conservative and used $600 for my Pro Forma- The current owner hasn’t raised them at all because he didn’t want any turnover- outside of cleaning and painting, no big costs- Not Section 8 

Or are you planning to put 100% of the risk/cost of vacancies, furnishings and tenant nonpayment on the owner with you having 0% risk?

And although I'm grateful to have found another lender to get it done, it cost me more money in points, a higher interest rate because of the current rate was higher than previous, and I had to buy another appraisal for $750.The response I received from one of the founders of the company states: "We are not able to refund any amounts at this time as the time of quality control has passed....

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I am not familiar with any HML on a fix and flip that would not want an appraisal as well as an estimate of costs.

In Indianapolis we perform this work for clients and they do a little better than market, but still have to pay a GC (us) for a year of our time plus their interest or opportunity costs on having so much cash out for that time period.