Etc.Thanks a lot Greg for the detailed reply.                   

Hello and thank you for the quick reply.

Thanks for the replies everyone.

He tells me the property has been vacant since October 2017.Note that Oceanpointe deposited rents from October 2017 through March 2018.3/28/2018 - I sign the contract to change PMs to Wilmoth Group;4/2/2018 - The Wilmoth Group PM sends me many photos of the destroyed property, including what appears to be an abandoned stolen vehicle on the premises; they estimate a cost of $12,000 to $15,000 to repair all the issues; PHOTOS4/2/2018 - Reply from Clayton promising to make needed repairs4/3/2018 - Clayton Morris emails me that he is checking out the house this morning with his team; that it’s a good property and that OP will fix it on their dime.

I simply email them an offer, let them know we can close remotely and to just reply back if they are interested.

Any replies would be appreciated!

Thank you for your replies. 

Thanks both for the replies.

35-40% is a more standard realistic operating cost. 50% is too high.Thank you for replying.

Thanks for your reply.