If I were you, I would stick to the better situated markets and if the flip model is not working, focus on different strategies until you can make it work with necessary margin (especially on your first project where there will be a learning curve).

I always use property management, and until I have better data, ill always model expense + rent loss + cap ex at 50% of gross rents. 

I would start getting rent rolls and historical financials and building out a model from there to then used as a basis for marketing materials for syndication.

Finally, each owner needs to carefully research anything related to their properties before they do anything, and not base their model on the points I highlighted to @Patricia Smith

The way the business model is presented is that everything will be well managed and the teams on the ground will meet your standards and have the necessary experience.

G'Day everyone,How many of you look to other successful companies in your niche and implement something they do within your business model?

Maybe with theoretically higher class tenants, but the same model.

In short, the agreement annihilates the current model of seller's compensating buyer's brokers. 

Regarding his comments about worrying that his daughter will cut her fingers, the electrician who installed the baseboard radiators asked for a make and model # but the tenant has not responded back. that was in the AM.

Since the turnkey fix and flip business model is proven, it seemed to be a good opportunity to leverage the experience and success of my team to help others do the same.