My total resulting expenses for that home including rent profit and bills are roughly $1200/month.

Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.

BP Rookie podcast has a pretty good content on Airbnb, however mostly success stories.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I’m totally new at this so searching for advice.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Hi MaxwellA lot of great content on this thread.

My realtor is asking for $3000 flat fee + additional listing broker compensation  of $400.What would you pay total for buyer/seller?

I can totally understand they were overworked and understaffed, and as a result, mistakes were made.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.