Unless it's in an area with 15%+ annual appreciation.Also, that capex calculation is wild.

I wonder how many landlords/pms do a video walk through of their properties on a bi-annual basis to document that no potentially dangerous conditions exist.

The DSCR is the Debt Coverage Rate which means Annual Net Operating Income divided by Annual Total Debt Payment.

We are setting higher standards for property management in this area.Julie River Wolfe LLC2084204824

Prodigy Network - https://www.prodigynetwork.com/ - for investment in New York City Real Estate. 10,000 USD minimum, aprox 10-18% estimated IRR, Annual Preferred Return 8%, 3-4 years.

Can net 60k annual. 

However, for someone who is confident they can sell above the breakeven point to cover those fees (which would be about $500k in volume annually in a region with average home prices of $100-120k), the income potential is much greater with the 95/5 split.

Purchase price was $80K, and estimated net cashflow after vacancy and capex assumptions (pretty conservative) is about $2300 ~ $3200 annually (based on what I can rent for, which ranged from $1000~$1100 a month). 

Don't be afraid to ask them business questions (annual sales, how long in business) and see if you get a good gut feeling.  

This is part of the reason I haven't pulled out maximum cash out of every project, as I don't want to build a house of straw , rather one of bricks less the big bad wolf comes a blowing.