Maybe the unit is more rundown and is going to require additional money to turn and you don't want to spend that money right now.

A fool would see exactly where that was heading.They managed to spend some of the "free money" but the account was quickly frozen and judgment entered for constructive trust in the full amount plus the cost of the bond, interest and attorneys fees.

@Andy Rousch what I use (And pay for my clients to use) is Quickbooks for business accounts and Monarch Money for personal spending accounts. 

Memphis investors, is it realistic to expect deals where I can buy a SFH for $100,000, spend $40,000 on renovations, and then have it appraised for $170,000+?

One of the biggest mistakes an investor can make when deciding to take the plunge and start spending money on Google Ads is targeting the WRONG keywords.It’s true that one way to use keyword targeting is through “broad” keyword types, which are usually less expensive and can capture various keywords you might not have considered in advance.

I'm particularly passionate about single family homes.Outside of real estate, I enjoy traveling and spending time with my family.Excited to learn and connect with you all!

I’m beginning my journey into real estate investing with the goal like many of you of generating passive income and discovering financial freedom without having to rely on a “day-job” for much longer, so I can travel more and spend more time with my young kids/family.

In my opinion investors buy properties with break even or negative cash flow and hope for large appreciation are taking a gamble.

So a realtor is a big gamble at that point. 

In other words, spending it would be foolish.I suggest you spend a little time researching other property managers.