You will always be able to find a place once you have a city.  

You can search my name with the words real estate and you should be able to find my channel.

How many rental units do you have?

Huntsville was the market to be buying in ~5 years ago.

Generally, a good property manager will make sure to do the following:- rollout a strong marketing plan - thorough application process - know the fair housing laws- have the vendor relationships to take care of any emergencies that could happen- dealing with late fees & evictions!

What made you interested in investing in this type of deal?

@Traci EdwardsHow much are you looking to raise and how much can you put into the deal?

So, I would be very conservative (for your standpoint) on the researched estimate.I would do what I suggested above, then if the tenant takes you to small claims court you explain to the judge the legislative time restrictions you were under in order to come up with an accurate repair expense.This is yet another example of how "tenant protection" laws, in practice, end up hurting the tenant in the end.

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

How much are you having to pay staff, ect?