This includes flooring, painting, bathroom upgrades new light fixtures, usually there’s about $800 in electrical costs factored in here and all new cabinet hardware.

The biggest factor will be how long you plan to own the property or when you think you may refinance.

Just factor in a little time and effort to get everything squared away, and you should be fine!

Speed of building a portfolio (Cash-on-Cash return is a factor here)?

I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

DOM can be minimized by a number of different factors including the quality of marketing, rent price, availability to show. 

If it had been my client buying this property, they would have paid a lot less even with the full commission factored in. 

And this low demand could be a couple of factors, either a rural location with low population density or the area incomes are not high enough in order to prevent a rent burdened scenario. 

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.

If you can shorten the window on the cash out refinance to the next purchase/refinance the rate is not really a factor.