That translates to a NET LOSS for your 8 unit property, just because 2 people couldn't pay, or the unit sat empty, etc.  

I put in some new flooring and paint, minor electrical, and a couple of ceiling fans (approx 20k in repairs, appliances, travel, and holding)I put in a new refrigerator, washer and dryer, and leased it myself to a family a few months later (6 months lease) through an insurance company because of their home being a total loss.

I love the vision of building momentum, and when the time is right, I'll see it.

You should increase the loss assessment coverage when you speak with a legit agent. 

For transparency:Our vision is to build a portfolio of STR and MTR. 

If the landlord fails to inform the tenant and the latter suffers substantial loss or damage to his/her personal property as a result of flooding, the tenant may terminate the lease by giving a 30-day notice to the landlord.

I like the B and C class rentals in Denver metro for that reason because there is a larger tenant base that can qualify and still cover the mortgage through job loss, divorce, recessions, etc. 

If you want to run a Profit & Loss report by property, you will need to get the $50 version of QuickBooks that supports classes.

. :)175 pprehab  30kcontingency 5k at least 6 month hold  depends on how much your putting down but lets figure 10k there.buyers in this price point almost always need seller assist on financing so 5k there.and then 7% sales commish250K X .93 =  232k  - 50k  has you at net loss of 18k.. 

I've also looped in @Scott Smith (who has yet to reply) and feel it is time to cut my losses and start over with another firm.I could've gotten the same level of service and attention to detail for a 10th of the cost by going to legal zoom.