You have to understand repair costs, ARV and many other things.

Yes - include ALL expenses in your math, including reserves for repairs/maint, capex, turnover, etc.

Get on the phone with the GCs that comment and have a good list of vetting questions/see pictures of their past projects.

I have been in the construction industry, mostly residential renovating, so I know how to spot damages, repairs, and/or things that need to be replaced.

@Dennis GallagherIt's my understanding that the "Income-Expense Ratio" primarily use operating expenses as the expense variable, which includes costs like utilities, property taxes, insurance, maintenance, repairs, property management fees, and trash removal, all of which are considered when calculating a property's operating expense ratio (OER).You calculate OER by dividing the total operating expenses by the gross operating income of a property.

I then do a search for the “real owner,” and get their phone number and they are shocked when I call them."

This means they will have practically complete control over whom to rent, how much to rent for, and how much to charge for repairs, etc.

Lakshmi it was great speaking with you on the phone today.

Both were back when I had a proliferation of 0% balance for 18/24 & 0% transaction fee, and both checks generated a phone call from the credit companies (Bank of America and CitiBank) to ensure they were legitimate.

Help them get a family squared away quickly by answering all incoming emails and phones calls as soon as possible.