You need to know what things cost.

@Martti Eckert in our opinion, you'll need to be really familiar with construction, including costs, or be able to find somoen on the ground you can REALLY trust (but still verify).

We got started, but they hired an appraiser and charged me $750, while typically appraisal costs around $500.

Vacancy hurts a bit more, but the biggest issue with renting out large homes is turnover cost.

Your estimate seems low, but even at that cost, it will not add that value.  

@Joseph BinkowskiDon’t forget that you can now be qualified as an accredited investor by passing the series 65 exam without any income or net worth requirements.It will cost you around $200 to $300 and will be valid for 2 years (unless you can park your license with a financial advisor firm, then it will last as long as you maintain it).It is not a difficult exam and you should be able to pass it with around 40 hours of self study with a good prep book or website.

Then there is the time element with holding costs.

Depends on what you have in the deal and what it cost IMHO.$200 mo on a $150k house is ok I guess.... 

You can list properties all over town but if not many are selling and just become withdrawn or expired those marketing costs can eat a new agent alive.

There will be a huge gap between coverages and replacement costs. - Renters are majority uninsured. - In September 2024 the FAIR Plan had $6B in exposure to the Palisades alone.