Everyone focuses heavily on the rehab costs but often overlook key components necessary to get a contract and close.

In this case, ignoring your $/hour allows you to maximize your ratio metrics to the detriment of your life.Ultimately, you need to create a personal utility function that will allow you to determine what -- for you personally -- is the optimal tradeoff between $/hour metrics and portfolio ratio metrics.I'm guessing none of that made any sense...maybe I'll try again in the morning

Oh, a couple of my turnkey properties in Atlanta, while doing fine now, can be the first ones to tell anyone that the bottom line numbers don't hold true if other components aren't there!

I worked in the auto industry for a couple of years (component parts manufacturing).

It also depends on what component of "vacancy rate" you are trying to really gauge.

KC  Indy  Northwest Indiana  parts of MS  GA AL are all pretty comparable in property taxs  but I would say that is one component.. if the purchase price to rents still work.. and you really like your team .. and or the particular asset.. then if it works it works I would not let property tax's be the ultimate driver...

We make our profits over the life of the lease the same as our Property Owner's and the longer we can keep our tenants happy and in our properties the more profitable the Lease is for both ourselves and the Property Owner so our goals are aligned and this makes for a good, almost partnership like environment.In my opinion, one of the most important components of a successful Property Management relationship is Communication. 

Paul,I thoroughly enjoy it as well; however, it takes a complex understand of more than just one component or area to understand how they all interact together.

2) Appreciation: your management team will exercise the value add component & spruce up the units on natural turnover.

Working People - A lot of companies have adapted to the shift with online meetings, integrating their systems entirely online, and so far have not seen major detriments in productivity.