I know that RTR positions themselves as “turnkey” but the reality is that they are more of a hybrid model - they set you up with everything you need and facilitate relationships with lenders, insurance, property managers, and so forth - but they are not the actual service providers.

If you are looking to just calculate profitability, set how much profit you want to make then:ARV - Purchase Costs - Holding Costs - Selling Costs - Desired Profit - Rehab Budget (including contingency) = Maximum Allowable OfferIF you cannot calculate those numbers, a spreadsheet isn't going to help you. 

I would have set aside much more if i knew what a pain that would be.

- Yes, it does take more time to schedule this:(--- Our FieldTechs do have sets of locks our locksmith has pre-keyed, so we can "rekey" a property faster.

I would suggest you up your rate from 8% to 10% to help off-set some of that cost. 10% is doable all day long here in Texas.

I am set to close on it in about two weeks and am slightly nervous about finding a tenant in a good amount of time, given that there are a lot of similar new constructions in the same community that are up for rent but have been sitting on the market for 30-70+ days. 

The ones that build out great companies build the skills, then they teach the skills to people to set calls for them, go to appointments for them and they continue to build out their company as a marketing/sales operation that is more fluid to create more revenue. 

This info also gives agents the edge in guiding clients, setting them apart as the go-to experts in Carlsbad’s fast-moving market.If you're curious about how SB-423 can work in other parts of California, definitely check out It's Time to Invest in California, now!

You will gain experience with each project so don't let set backs discourage you but always try and learn from any mistakes.

The seller and their agent hopefully did a good job communicating with that tenant to set expectations.