$3,500 in expenses not accounted for. 

Now late pays are bad enough, but the time frame to recover is much shorter than a fully completed foreclosure. 

Although it did not make sense for me at the time since a shorter time frame increases the monthly mortgage payment, the bank accepted the deal. 

With that being said bang for the buck items:ceiling fans- I have found that tenants just love thempaint- "Greige"I put down inexpensive but durable laminate. as well as allure in the bathrooms and kitchens.

I ask because I came across a firm offering deals like this:Purchase, rehab and flip a distressed property, timeline 6-18 months.Minimum Investment $100,000Above $500,000 and an investor can appoint a member to the management boardMinimum asset price $1,000,000Management Fee: 2.5% of invested fundsManagement invests 10% alongside investorsDeveloper invests 10% alongside investorsSuccess fee of 50% on returns above 8%My main question is whether the 50% success fee on top of the management fee is highway robbery, or pretty standard on larger deals averaging 30%+ in such short timeframes?

Also, we try to group prospective tenants in a time frame of one hour, and pay a trusted person in the area to be there, unlock the door, give the prospects feature sheets and an application with details/instructions on our rental process, which we supply. 

I focus on getting the job done,  within time frame/cost, with highest work quality possible.

Once you go to court you need to provide proof/documentation that they are behind on rent and any other legal documents pertinent to the eviction.The state then gives the court 10 days to schedule the set-out, unless landlord & tenant agree on a different time frame.

If you cannot buy it so inexpensively that you can easily double your money tomorrow, don't buy it.

As a first approximation I'd probably take records from the largest time frame available, do a linear fit to that and assume the same percentages can apply over the next 20 years.