I consider myself marginally successful and I wish I had a mentor 25 years ago.

I have one coming up I know will need a new roof in < 5 years, so I budget 10k plus about a 3-10k (for less than 3 units) margin should I want to make improvements in the next 5 years when tenants move out (ie vinyl flooring install, bathroom update, new counter top etc), and thats doing the work myself. 

It only takes so much selling pressure to trigger stops, spill to margin calls, reduce consumer confidence, and on it goes.

There are absolutely areas where margins are tightening, such as super desirable spots in East Nashville.

Even if its a gold mine, land cost is usually very small compare to overall project thus profit margin is low as well.

If I had a comfortable enough profit margin.3. 

If the margins were better I’d take it in a flat/Midwest market but those can be good numbers due to expected appreciation in many areas of Florida

I have seen legitimately better and worse by a wide margin as local area rents / utilities / taxes / building services each play a big role.Also, from a landlords perspective, it depends on what gets passed on to the tenants (e.g.

Never bet on a loan before you have it without a healthy margin. 

If you have anything for us, please send me an email bryan@calyanirealestate .com   We are willing to pay 6% commission rate for working with us or maybe even more than that if profit margin is huge, Thanks!