Let's assume an 800-900 sqft condo.Property management - maybe 8-10%Expenses - Very tough for me to estimate, would love to see some sample models from peopleVacancy - would probably just assume ~ 8% or 1 month of rentCapex - Since HOA would probably cover roof/exterior type deals, capex here would likely be just bigger items like HVAC, water heater, Q1:  Per above, I assume capex is generally lower when HOA fees cover some of those items?

@Ayodeji Kuponiyi You can get it under option (without a lease), sell the option, and the buyer can exercise by buying sub2.

The example property that I choose for this exercise is linked in the spreadsheet, and also here:https://www.zillow.com/homedetails/301-Christopher-Todd-Dr-Moore-OK-73160/21724583_zpid/?

It is kind of like an exercise routine - I spend 20 minutes a day on BP whether I have the time or not. 

Getting rent out of them isn't always a simple, pain-free economic exercise.

For instance, if you sign a one year option with him, and he doesn't exercise that option within that year, that contract disappears, and then you sign another one after that. 

If you exercise the option now, it could b considered an effort to hinder, delay or defraud creditors.

today i arranged an Asbestor inspector ($170  + $20 per sample) inspected the window side for signs of asbestos.The work is on hold and didnt make any progress as they tenant threaten the works about lawsuit and they are scared (i guess). 

Asbestor inspector took samples today and send to lab.

Will my new lease be simply a "company name change exercise?"