I invite you to perform the exercise and find what your cap ex allocation should be.certainly $50/month for maintenance/cap ex and misc is not enough and this property is definitely cash negative when properly allocating for expenses.  

It under performed, but it was my first flip.

Is the MTR not performing well?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

A better solution, in my opinion, is not to rely on wholesalers,  as not only is it a dying breed due to the sheer incompetence they exhibit due to gurus' wrong instructions and teachings, but, wouldn't it be better to generate your own leads through a high performing website?

Are you better performance wise?

If it is later found to be the work was not performed according to code or properly repaired, we will seek damages from your firm since you knowingly hid this from us and would not allow us to understand the extent of the damage which occurred behind walls.Thank youThis way you are putting them on notice that you were aware damage occurred and they did not allow you to properly inspect it.

Down payment should be about the same (20% on a buy-and-hold) but you'll see an additional $3-$6k on average in CC and the ability to keep it off of your DTI/Personal credit along with hopefully no more hard inquiries on your credit (many lenders will accept/perform a soft pull).

Haha, but you know what they say - past performance is no guarantee of future results. 

Or has it performed as advertised?