The tenant screening process can be tweaked and we all learn from out mistakes. 

It may be that you need to tweak it if you are dead set on the CT market, OR possibly start looking into methods of getting to the sellers before they list.

Again, not to say this would be the same for you, just sharing the assumptions i made FYITaxes (given) = $1180Insurance (given) = $312Common area utilities (given)= $75, $200, $235Contract services (common area cleaning, lawn care, etc) = $140/moLegal Fees (lease review, eviction filings) = $175/mo - this amortizes the cost of an eviction to a monthly expenseProperty Management (9% of gross income) = $927/moRepairs/Maintenance (10% of gross income due to age of building) = $1030 - this also amortizes major CAPEX to a monthly expenseAdmin/Marketing (1.5% of gross income) = $155/moTotal monthly expenses = $4429I made a few tweaks as i took a second look, and this  assumptions yielded 47% of current income. still right around that 50 mark.Im curious if anyone, especially experienced operators, has feedback on these numbers. 

But it's something that's legitimate to ask the agent about - their track record of listings over the past few years, showing days on market and sold price relative to list price.There are a few ways to tweak that as well, i.e. we get postcards from a company talking about their agents' sold price to list price ratio, but if I look up their listings it's the 'most recent list price', after a price reduction.

@Daniel Wrentz I am still tweaking my business plan and continuing to save some money, so I unfortunately don't have those connections personally.

This estimate is my "he knows nothing" estimate but will get tweaked pending GC rehab estimate, mortgages balances, etc. c) If all planets and stars aligned for this deal, I will find an investor, offer a fair price, and hope to make a nice assignment fee?

You can always tweak this process as you grow but you should have a thorough checklist in place before you agree to buy a note IMO.

Here is my math on such deals from my learnings :Loan - 65k ->  monthly mortgage -30 yrs (appx $310 @4%) + Insurance & Property tax add appx $200/ month = $510+8-10% property management fee if you plan to give to PM = - appx $1005% maintenance  - $600/ yr  (appx $50/month)I would add 5% Misc - $600/yr (vacancy or any pending utilities , civil fines) (appx $50/month)  1000 - 710  = $290 +cash flow   =  income of ($3,480) / yrbut here is the curve ball - lease expired and make the unit rent ready for next tenant you will be spending $2 -$3 / sqft (if you have 1000 sqft unit - $3000 ) so you are left with $480/yr on this unit.its upto "your skills on where you can tweak the margins" and make it profitable - forecast vs actuals are always way off .Hope this perspective helpsHappy Investing!!!!

A good STR manager will keep occupancy at 90% and be constantly tweaking rates to max out earnings. 

Basically, I will tweak the NOI numbers to reflect zero vacancy and add a $1,700 paying tenant, plus including the mortgage in the monthly calculations;Taxes: $1,055Insurance: $166Vacancy: $0Repairs: $338.35 (at 10%) unsure if this is right?