Than we have to have 1-2 maintenance coordinators to manage the "maintenance circus".

There are usually some minimum services like painting and house cleaning, but if additional renovation or maintenance is required, that will add to the price.

The less maintenance, the betterGino

Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Cut Maintenance Costs→ Review your ongoing maintenance costs.

A general maintenance tech or handyman may not have the expertise to certify a leak that is especially mysterious. 

@Anna DoumkinaIt’s going to be very challenging getting a lender to do one property with that low of a down payment - so start with 1 before trying to buy 5-10Section 8 properties also have a lot more maintenance so you will want to make sure to have adequate reserves as well

I used to have some in Minnesota that it was the owners responsibility to close and open and the tenants responsibility to take care of the maintenance when open.  

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.