My chest still hurts, and I continue to have the momentary, "Why did I think that this was a good idea?"

Management fee, add to your situation. 

Quote from @Lilach Holtzer: Quote from @Ryan Waslewski: My wife and I currently invest in those areas, we are new to investing but not new to these areas.

My name is Josh and I am an electrician.

The next one was also a corporate cash buyer and after our second call, the acquisition manager confessed to me that he just got the job and asked me if I could train him on how to evaluate a deal!!!

My fiancé and I are currently looking to invest in Fl, and have been looking into tax deed sales. 

@Tyler Garza With my CFO clients, I generally use 8% vacancy and 25%-35% operating expenses depending on if they are self-managing or using a PMC. 

I am based in Virginia and licensing requirements here seem manageable.

However, some of the best cash-flowing markets on paper can also come with the biggest management challenges.

If I could find a duplex that sells at that number and is rent-ready, I'd actually be pretty close to 2%.The problem is that if I inverted my analysis and said, "Hey - this hits the 1% rule!"