I think mine cost 1800 for a 400,000 LOC, but I'm a noob and may have got a bad deal.

Hey Tim,Sounds like your lender is underwriting this as a multifamily deal instead of two separate single-family townhomes, which is probably why they’re pushing for duplex comps.

I have never found a true 70% deal.

When I attempted to do a similar flip in another county in Texas, where I was unfamiliar with the nuances of the area, my “slam dunk” deal ended up as a $40k loss!. 

He had the deal at a steal of a price. 

Generally, a good property manager will make sure to do the following:- rollout a strong marketing plan - thorough application process - know the fair housing laws- have the vendor relationships to take care of any emergencies that could happen- dealing with late fees & evictions!

The have interviews, tips, and tricks to getting started.

Hope this helps, and good luck with your next deal!

If so (very rare deal!)

Most people bring their own.We also have a bin of razors, q-tips, cotton balls and even a bunch of contact lens cases in the master bath.