And then either set aside that amount in reserves plus extra for vacancies up front or budget for them on a monthly basis.

In Dallas Metroplex I am constantly finding good deals in Fort Worth.I wouldn't recommended to add extra cash every month to pay for the mortgage.

[That's an extra $18K a month we didn't anticipate which really helps to offset those extra operating costs.]

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The option money will stay with the seller and the extra monthly amount paid will go to whomever specified in the contract (usually the seller). 5.

Cash flow is hard to come by in the Boulder / Denver markets and although the extra monthly cash flow would be great, and there's plenty of places in Iowa that will cash flow, I'm wanting to scale quickly and feel Colorado would be a decent place for that. 

Vinyl plank is likely more durable than laminate and you can take up a piece and replace it if needed (get some extra when you buy it).

The simplicity of the “I’ll take the number 5, with extra insulation and interior paint on the side” approach was appealing.

Bring a lot of extra cash and underwrite the exit conservatively.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.