The property is gated and in great condition, and most importantly, it is within my budget; however, the neighboring houses are in shambles.

Gated communities of 1.5mil homes with overgrown yards and no off-street parking.

You will get high margins outta the gate, but it will catch up to your on the backside on the high turnover and torn up units.

Currently 3 of the 4 units are rented for $1225/ month so out of the gate it meets the 1.1% rule.

I'm trying to do things correctly right out of the gate (as far as having systems in place).

We moved walls, added a laundry room inside the property, added a patio, added privacy fencing, added an automatic sliding gate, closed off exterior doors, added exterior doors, new windows, and all the cosmetic upgrades you'd expect in a flipped house.

I only found out after seeing a sign posted on a back sliding glass door (privacy fence gate was open) that said, Residents must smoke outside.

Refunds for no stated reason, slow pay etc etc.Not sure if they will ever get there. if you listen to Avery Carl's podcast on JAn 3 with Julie Gates, she talks about how Booking.com they talk about the improvements

The average agent only closes maybe 2-4 deals a year, especially right out of the gate.   

.- 830HOA- 80Garbage- 15Lawn Maintenance- 25 Vacancy- 10%Repairs- 10%12month leasesHouse Details3Bed 2Bath 2Car Garage 1450SQFT in FloridaInside a partially gated community.