See below for the numbers:Home Market Value: ~525kLoan Balance: ~476kEquity: ~50kMortgage Payment: $2570Rent Price: $2650Property Manager: 10% (potentially 7% w/military discount from a referral I got)Cashflow: $-185/month, $-2,220/yr1st year Equity Payoff from tenant: $11,561It's a 4 bed, 3.5 bath home built in 2011 that only requires some new paint to be rent ready.

If he is just getting the typical 20% then you are ripping him off.

I find that interior designers make the best "contractors" versus a full blown builder.They value engineer better with paint and flooring, and perhaps some cabinets.

Curbio kept emphasizing it's a small project, it's mostly paint, it can be done in 4 weeks.  

If you have the bandwith, adding bedrooms/bathrooms or a new HVAC can significantly increase ARV.First-timers often over-focus on minor cosmetic changes like new paint, luxury upgrades that aren't necessary for the area, and personal preferences that don't align with market trends.Let me know if you have further questions.Good luck!

You should find somebody who will show you the roads and not rip you off at the same time.

As soon as we took possession, we painted the top unit and switched out light fixtures + outlet covers.

Turns out he was about to be ripped off by the combo. 

New business practices or not… any amount of money paid for their services is a rip-off.

Holding on to it with painting of the interior and upgrades to countertops to be granite.