This includes flooring, painting, bathroom upgrades new light fixtures, usually there’s about $800 in electrical costs factored in here and all new cabinet hardware.

I understand some of the economic factors that can lead one to a particular city or province (or state), but unsure of some of the key elements as you funnel down below that level.Appreciate any insight.Tyler 

Anyone that is looking at your assets is always going to need to factor in property management, so you can show that as a real expense (and really make it as high or low as you want).I work in a vertically integrated real estate and development company, and I cannot imagine how things would run if we did not have an internal property management company that essentially works for the other companies but also stands on its own.

ARV is a very important factor here. 600 FICO is minimum. 

@Dennis Bragg, how did you factor improvements and market appreciation into the buy-back price?

@John Underwood what would you say was the key factor is making your LTR cashflow so much? 

Are there specific factors you look for in an area to make sure it’s a good fit for this type of rental setup?

Is it fairly priced for the size, location, quality, and other factors?

I could write a whole book on this topic, but this is what came to mind.3) There are a few factors that I consider when picking the city.

You have to factor in demand and vacancy rates to determine if it will be more profitable, and that’s specific for each market.