The proforma's would have been accurate but, what they didn't allow for, is the turnover cost between renters that left excessive damage.

Hello,Has anyone worked with Grocapitus and were their revenue estimates accurate?

Do not fall for the trap that initial cash flow is any indication of actual cash flow over the hold period.Do accurate and conservative underwriting.  

I suspect without the 2 pts I would be at ~6.625% to 6.75%.What I recommend most is accurate, conservative underwriting.  

Also, I just came across this post: https://www.biggerpockets.com/forums/921/topics/1227533-is-n...I have no idea who this person is or how accurate, but you may want to investigate if you are thinking about the UK market.

-------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I'd say my biggest question right now is how to get accurate numbers for when analyzing a deal (specifically insurance and rent) and what's the ideal percentage to use for variable costs?

On the other side, the bigger companies have more experience and their numbers tend to be more accurate (not always)... as they are big companies "their costumer service" and communication is better but at the same time they "have more mouths to feed" if we need to be honest so can get a bunch of ok or good deals but I kinda doubt they will be great (just my personal candid opinion).

Having reliable contractors who can shoot you straight regarding providing an accurate scope of work and expenses is crucial.

To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws.