We've observed a certain and different price at each place that below which we get difficult guests.

I understand they purchased their property bit earlier at a lower price, but the difference shouldn't be so significant.

People really value a spa type of treatment and depending on where you are, it could make a real difference. 

You may have different questions or your situation is different. 

The cash flow portion of real estate is often related to risk and sweat equity, which is a different aspect of investment.

On the other hand, if these are in terrible areas, you introduce a different kind of risk. 

Quote from @Sofia De Santos Tavarez: Hello, my husband and I are looking to do our first rehab in a different city than where we live (we live in Austin and looking to buy in El Paso), and are wondering how one determines and writes a scope of work and determine what material to buy for what.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

Under $200k, pressing for sub $165k, with rents of $1,500mnth+There is a few different strategies were engaged in under this umbrella.

I think it is always a good idea to interview a few different PMs and ask for referrals of owners they are currently managing properties for to see if they are satisfied with their PM.Thanks Jake