I've seen estimates that are off by 300% when all said and done (e.g. the original bid was $10k but the final cost was closer to $30k).

WHAT IS A COST SEGREGATION STUDY?

For example do you have a great w2 and can you afford to cover costs of a major repair or 3 months of vacancy?

Real estate is not the stock market and it's called buy & hold and not buy & sell for a reason.I did sell a few properties about 10 years ago when I learned the hard way that going into cheaper neighborhoods was not the right strategy for me, so that was basically a strategy correction and it was necessary, but also costly both in terms of dollars and time.

They will have additional costs for mailing & online campaigns to get leads.

The location all in,cost him X; he got an appraisal for the bank from CBRE national firmof XX and now the firm who called him mentioned paying XXX.

This, on top of the up to 17% cost of capital.3.

Additionally, working in a small-town market taught us how to effectively price properties for faster sales without compromising profit.

However, you make a great point about starting local and dodging PM costs to start...

If your property management company is good and has built an internal maintenance team which has set rates and had strong relationship relationships with licensed contractor which should keep costs in control, you should never need to shop contractors on your own I wouldn't think.So in short, our policy is give us your preferred contractors upfront if you have them, but then we work all tickets to resolution including dispatch, and payment of invoices.This is of course for operational expenses.