I took over a building that one unit was having a mouse problem in (through years of mismanagement not the tenants fault) and immediately hired pest control.

I'm currently furnishing a short-term rental and am curious about how many of each kind of towel I should get (Bath towel, hand towel, wash cloth, bath mat).

(used property 3 for this)Conclusion:I moved from an equity play making only $100/mo to a cash flow play making over $3K/mo using the same amount of capital and a lot of sweat equity.Bought for $270K waited 10 years and sold for $600K.

Thank you @Mat O'Grady   So I found out some more info-  The Appraisal is 500k, thus the 50k bid deposit.The Foreclosed former owners debt plus court expenses is 405k! 

@Mat O'GradyThat is awesome!

It is like cat and mouse situation. we do not know who will rent in future and reason we are tilting to 11k and 72 parking spaces is that if restaurants want to come and we do not want to be in a situation where they cannot rent it because of parking space.

The only wholesaler I trust in Houston (and have bought deals from) is @Mat Trenchard with Senna House Buyers. 

More importantly, the additional work load was composed almost entirely of headache-y, Mickey Mouse nonsense - painting over graffiti twice a week, tin foil over windows, residents in physical conflict with one another, problems with sketchy guests causing problems, etc.

I spent the day with my SRDP expert, Mat Sorensen.

So 250 for monthly rents plus 100 for 2500 placement fee spread out over 24 month period)Turn cost: 3% or roughly $75-85/mo assuming $2k of repairs necessary to turn it Vacancy: 4% or roughly $100/mo assuming 1 month to locate and place tenant in 24 month term Insurance: 4% or roughly $100/mo (using one of my properties as example here)Property taxes: 9% or $225/mo (using on of my properties as examples)Capital expenditures: 3% or $75/mo (amortizating roofs, hvac, water heater, etc… over their useful lifespan)Operational expenses: 10% or $250/moSo technically 46% in total.