Naturally, most people think cowboys are nuts: who wants to ride in a saddle (i.e. car) on a dusty trail all day (i.e. driving for dollars) and keeping an eye on cows (i.e. looking for overgrown lawns, FSBO signs, foreclosures, short sales, off market deals)? 

Always underwrite with management, even if you plan to self-manage at first.What about lawn care, snow removal and admin/professional costs?

I'd probably use 20% combined considering the low rents and probable tenant class.What about water/sewer, snow removal, lawn care, and admin/professional fees?

@Victor Chalouh  You can put more money into the deal and get better returns... but that is somewhat artificial. 

This is super local, though.Any lawn care to account for?

Meaning if we want to see all time put in on property A, including turns, housecalls, lease writing and lawn care we can do that.

Lawn.

Of course if you are in California, $5K will just about get the front lawn mowed for a month. 

A lot of wholesalers artificially inflate their numbers.

As you’ll see in the education, don’t forget to include expenses such as insurance, utilities (if they will not be in the tenants name), lawn/snow care, and capex reserve.