That is the only real way to find your fix n flippers deals if your wholesalers are eating all the profits and the MLS market is on fire. 

If water is common, is that billed back to the tenants or you as a landlord have to pay for it and that will eat in your profit. 

Eat your losses and move on to the next one. 

Having one asset per LLC will drive you and your accountant insane and when you realize they charge like $1000 min for LLC returns and you have 5 LLCs that the $5k tax will eats up 1/2 your cash flow you will be like oh boy…

If you put all of your investment eggs in a proverbial Airbnb basket, you are already setting yourself up for failure. 

I haven't heard of the "Binder" technique before, but it sounds like a great idea.As for increasing the Studio ADR, we are considering offering guests a half a dozen fresh eggs for breakfast since we have chickens. 

All agents are incentivized to sell it's a transactional business and because you are just starting out and in a low barrier market you will encounter many new agents who need to eat and pay for their gym membership and car that month.   

Carpet can easily get stain and will smell over time especially if the tenant has children, pets or eats in the carpeted rooms. 

When you shift in and out of properties you pay fees for commissions, loan origination, transfer taxes, etc. which will silently eat into your gains.

So you may have to eat that aspect.Increase the deposit for the pet as part of the renewal.....and dont fix the current damage until they move out, or you will just fix it again.