I will say that I have seen such a massive spike in the prices of homes over that way that it in such a short period of time rents have not been able to keep pace to provide great returns.The vast majority of all of the properties that I have been working on lately have been over in the NE along the 35 corridors.

My math with your numbers would be more like this:Acquisition:Asking: 290kRepairs: 15k Total Acquisition: 305k Revenue: 28,800Taxes: 4583 
Insurance: 1800 Cap ex: 2400PM @ 10%: 2880 Total: 11,663NOI: 17,137 Cap Rate: 5.6% Cap Rate w/o PM: 6.56% Not a crazy return but pretty normal to see in Miami if you're purchasing in middle to upper class neighborhoods.

I like the feedback tho, I am in the process of trying to figure something out of what to do in the middle of the whole logo as it is very dull and looks really open. 

I flipped a couple houses with my dad a few years back (right in the middle of the crash) we did ok on the first one but didn't make money in the second.

I will be partnering with a local guru in order to get my feet wet and learn beginning, middle and end of a house flip. 

The middle class and wealthy areas rebounded rather quickly.

"The shower goes cold, not gradually but suddenly for about 3 minutes in the middle of the shower about 3 times a week.

Using a middle man landlord will just raise money laundering concerning.  3) I do not think a bank is going to be interested in anything near 85% LTV.Now if you were talking about a tech start up like Tesla? 

I would label that a failure.For me & my area: A = prime zone, wealthy housing, white collar and high upper middle class blue collar.

That'll probably cost somewhere in the middle of your price spread.