Higher maintenance and repair costs (even low to no skill workers demand 35-40% higher labor)This has led us to diversify our strategy and convert some of our units into MTR's instead of LTRs to increase margin.

I even had a buyer lined up for the place as well for when the repairs / renovations were atleast 50% or more done.Also forgot to mention that their own system often has wrong or outdated info on the properties as well.As you can see I could go on but I dont think a book is needed haha, but this should give a good exampleSorry for the long post and poor formatting on it

Take into consideration all closing cost, realtor fees, repairs etc.

Your house your repairs.

Especially Milwaukee, but I may be a little biased there ;)Since you're looking for turnkey and properties needing cosmetic repairs, keep an eye out for homes with good bones that just need a little updating.

The COC will be right around 8%, with $500 in cash flow (after accounting for Maintenace, repairs, taxes, insurance, vacancy, etc.).

Nothing fancy, just a small cabin with may need some repairs.

Our current house is 76 years old and will soon require major repairs. 

You’re $20k will be your future savings that you will need to have around in the bank for when your property needs repairs or there is a vacancy.

These included one of the outdoor lights not working, small common area repairs, tightening things, and a hole in a screen.