Most of my client that bought in 2023 are breaking even or slightly cashflowing with great entry on purchase for long term hold.

You want to break down your preference in regard to sale price, down payment, program, (SFR/MFH), seasoning is important, and the two R's you want to pay most attention to is the Renovate and Refinance.Most investors make the mistake on the renovate or refinance and sometimes both.You also have to figure out if your buying as a Primary or investment because if you buy as a primary you always refinance before you rent. 

An approach you might want to take, is to break down each component of the rehab into its own price per sqft/linear foot/units for both materials and for labor.for example you might find that flooring costs and average of $3.50/sqft labor to install + $3.00/sqft for materials X square feet = cost to refloor+ always add an extra 10% for unforseensSo you would just need to do this for every part of the rehab based on what needs to be done and what level of finish you are going for.keep in mind that some things are measured by sqft, like floor, and others are measured by linear foot, like trim, and some are measured by total area, like drywall and paint, and yet others are measured per each like tubs and toilets.A good place to start with figuring costs is The Book On Estimating Rehab Costs by J.

Once you know your market well enough, your brain IS this tool for you because you can look at a house when you're driving down the street and have that gut knowledge almost right away if it's in a good area, what price point you'd need to hit to break even, how many beds are desirable, etc!

In this case they actually aren't breaking the lease. 

When it gets to where things break and you're not sure why or you find you're not recording some information because you don't have the time for it, it might be a good time to look at the CRM's built specifically for real estate investors. 

Foster Collaboration and Cohesion Break Down Silos: Effective leaders break down barriers between departments and encourage cross-functional collaboration, creating a sense of unity and teamwork.

When something breaks, I text someone to go fix it.

There could be many, but usually the main issues that could break the deal would be Foundation, Plumbing, electrical issues where it could be costly to repair the property @Carlos Valencia @Albert Bui

and then when you move out, it should break even.