Hello BP community,I am an out-of-state landlord with a rental property in Bluffton SC.

Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.

Can it be wrapped up by the end of the week? 

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

Quote from @Agatha Simmons: Uffda.One of the biggest mistakes landlords make is failing to stand up to a problematic tenant.

Even competent 3rd party management can only mitigate, not necessarily address many of the issues that arise when owning lower tier properties & population growth alone is not a magic pill. 

Found an awesome deal on Craigslist and it allowed me to get my foot in the door with an investor (owner of the property I arbitraged.)

Quote from @Bryant Xavier: Todd,You knocked this one out of the park, man!

The median home value in Phoenix as of April 2023 was $368,657, which is a 23.5% increase from the previous year. 

There are other softwares out there that allow you to get comps for the ARV of the property.