The most information in this thread is not accurate.

You will have to gather more accurate operating costs (vacancy loss, taxes, utilities, insurance, mgmt fees, maintenance, HOA) to best determine potential future performance.

Today it’s value is up ~$1m and it has positive cash flow.Do accurate and conservative underwriting.  

@Tonya EnglishWithout a clear understanding of what this company does (or more accurately, does not do), the payment seems excessive compared to other services in the market."

Also, the ability to find good deals with an accurate budget to complete the project up front from some good project managers/general contractors.

Bring a contractor to get accurate estimates for your rehab budget.

I'd say my biggest question right now is how to get accurate numbers for when analyzing a deal (specifically insurance and rent) and what's the ideal percentage to use for variable costs?

On the repairs - I re-read your original post, and you did seem to mention that you have a property manager - is that accurate? 

The judgments have to be looked up manually, because screening software only looks for unlawful detainers and the Virginia court records don’t feed consistently accurate to the other programs.

I don't know how that business could survive long-term with such low rates.If those numbers are accurate and you can net $38,000 a year, then it's worth holding onto.