Also a few reviews on google shows the mgmt company may need a shakeup I already budgeted about $250k for this, and the cash on cash returns can still hit 8-9%Financials are from the actual 2017 P&L so that's not an issue on pro-formas.

G/L

Additionally, if its 5+ you will need to ask for the P&L, Rent Rolls and T-12 to start your numbers.I then look at the rental comps and see what I can reasonably charge for rent.

Listed expenses are as follows:maintenance - laborpesthvac repairslandscapingplumbing repairselectricwater/sewer/trash - grouped together just like thatprop mgmt at 10% of grossactual insuranceactual taxes_______@Donald Shaver I claim a shoddy operation because the p&L appears copy and pasted and the owner is out of town.

@Jason L.

Then it's just a matter of looking at your P&L each month to ensure repairs aren't eating you alive.

@Rob L.  

Originally posted by @Jason L.

I'm going to try to respond to everyone in one post so no one gets peppered with emails about the thread :)@Pat L.

@Jason L., great tip about Rentometer.