Theyre expensive, but you wont lose your home to foreclosure unless you move out, stop paying taxes/insurance, or fail to maintain it. 

Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size. 

Consider, if the machines did start failing in the next couple years, how would a loan payment affect your cash flow?

A long drawn out presentation is usually a fail in a situation like this.

Well yes if you are successful.The reality is 87% of those who try to make a career at selling real estate fail out of the business within just a few years.

Australia they are correct about the avg. percent but fail to mention how much higher property values are there.

If all else fails and we still end up with vacancy during the winter, start to market the unit earlier prior to turnover.

There have been brokerages offering flat fees and failed.

I don't know how the really big players stomach it.Something else I failed to mention was how the PM's are also tacking on fees on top of rent to extract even more money from our tenants. 

A project with a 75% cost to ARV will still turn a profit.This thing goes wrong when the GC arm of the process fails, neglects, steals, becomes unresponsive, misappropriate funds, does a poor job.