For instance, buying a property in a very in-demand area may mean your tenant turnover happens far less frequently, which could put you ahead of a property that has a higher CoC return but turns over more frequently resulting in lost month's rent.

I lost $3,000, and it could have been much worse.This is the cost of making bad hires.

I estimate I lost probably 15k in the deal and taxes this year will tell for sure.

It took three years and I lost over $200,000 on those deals alone!!

For example, they could seek lost rent until they get another deal done.

I lost $5K in EMD.

I’ve lost 100% on 20% of my wealth at the time.  

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

While I am still having significant responsiveness issues, the quality of the listing and this new PM’s understanding of market rates is significantly better than my previous PM.I’ll note that during this time, there had been 2 hurricanes in surrounding markets (fortunately no damage to my property from either) that likely contributed to some of this vacancy.

-Before each eviction, FPM sends a polished video claiming they’ll pursue the tenant in court and recover lost rent.