Quote from @Frank Pyle: Obstacle is getting a 1007 with realistic long term rents. 

I’m fully aware that getting all of my cash out isn’t always realistic, especially in the current market with higher prices and interest rates.

I sometimes think about investing there given my affinity with the location...but realistically it just makes more sense to put my money in rentals in Indianapolis where I invest currently and the returns are still solid.

Here are key adjustments:Kitchen ($50k): Likely $60k-$70k for custom cabinetry, quartz, and premium appliances.Bathrooms ($40k): Expect closer to $50k-$60k for four bathrooms with high-end finishes.Flooring ($20k): Likely $25k-$30k for engineered hardwood, refinishing, and tile.Exterior ($12k): More realistically $15k-$18k with landscaping and a quality front door.Misc.

As it was said before, you want to be realistic with the time commitment this will require.

He prides himself on having "realistic" standards and claims to value inner qualities over appearance.

hope this helpsnot trying to be discouragingjust realistic

Account Closed our world is trending to more & more "immediate gratification".Self-showings are the result of this and owners squeezing PMC's profits to nothing.Regarding the PMA, ours is pretty long to cover everything we can realistically think of - yet, many owners freak out about it and hire a PMC with a shorter contract.How would you be reacting right now if someone had broke into your property and stole these things?

It's not realistic the way you laid it out.

To your point about agents quitting in the first 2 years, that sounds very realistic.