You're -$400 a month, but it isn't clear if that included property taxes, insurance and repairs/maintenance or what. 

They said they also do full repair after it’s all dry up.

New carpet and assorted repairs. we are hoping to spend more time in Asia the next two years and i am not impressed w PM here due to high costs and low quality considerations.

No need for him to do any repairs or cleanups.

We sent a difficult tenant an update on ceiling leak repair.

Purchase price was $75,000, made $75,000 in renovations/repairs over the years.

Here are the details of the property:- Leased until July 2025: $1400 and $1450 per unit per month- Built: 1930's- Zoned O-2Information in the Rental Report:- Vacancy rate: 5%- Purchase Price: $310,000- Repairs and maintenance: 7%- CapEx: 5%- Property tax: $3,600 per year- Insurance: $2,400 per year- Roof: Broker mentioned it doesn't need immediate attention but will likely need replacement soon (~$15,000).- Cash flow: The report shows a $177 monthly cash flow.- Condition: The house is completely renovated.

To be compliant you dont have to scrape walls or do extensive repairs in most cases.

Never close on their ARV and grossly out of touch with reality on their repair estimates.

However, it may be a better strategy to base your decision on cash flow rather than speculative gains.Purchase Price: $480KAnnual Rent: $2,400 * 12 = $28,800Expenses (@30%): $8,640Net Operating Income (NOI): $20,160Cap Rate: 4.2%Another point to consider: if you're already facing negative cash flow, how will your returns be impacted when it comes time to turn the property or if a costly repair is needed?