Secondary Markets Are ThrivingOmaha and San Antonio are two examples of secondary markets where the cost of entry is still reasonable.

So, for them a turnover is MUCH MUCH less costly than an SMALL out of state landlord who relies on a PM.

If they support a rent increase, you could look into raising your rents by that amount to offset the cost.

Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.

Kit showers or tiling, or tiling the shower (hot mop or tub shower then tile the rest) all are different3) what is the cost to renew the floor with a LVP?

i am not looking to be spending my days on the lake, I am looking to replace my day job income, and growing my portfolio.... but it is important to cover my costs first, which not 20k/mo but, that is what i'm accustomed to regularly (or more). 

My lease requires renter's insurance which should cover loss of use if the unit becomes damaged/uninhabitable, but I don't think renters insurance covers costs of living expenses incurred during just an evacuation.

Learn repair costs asap.

@Henry T. its like despite what these policy makers do, housing costs and homelessness sky rockets.In NYS the HSTPA got passed.  

Unless you are confident in estimating the renovations needed, I would highly recommend getting a contractor's professional opinion of the rehab costs.