Best of luck to all you out there.How much did you pay for these 3 buildings initially and how many years did it take you to earn the money to pay for them?  

You can pre-screen them for free, then run the credit/criminal background only for those that pass your initial review so you're not wasting time.

When including maintenance/cap ex, vacancy, pm, misc he will have little, and possibly negative, cash flow.if he invested almost $250k to add less than $150k of value (assume some of the current value came from the home appreciation), there is no cash flow until the initial negative equity position is recovered.  

Purchase price: $85,000 Cash invested: $60,000 My initial strategy for this deal was to flip it and sell it, but the market was unfavorable so I opted for the BRRRR strtategy instead.

my initial thoughts would be it may be a slight turn off to potential future tenants when the fire alarm goes off.

--AI Analysis----ChatGPT pointed out that the math for Ten flips per year, the text shows$787,500 for Year 2, when it should be $1,012,500, adding that for Year 3, the result should be $4,556,250 as the initial investment should Gemini said this:The math for the "POWER OF FLIPPING Case Study with $50,000" appears to be accurate, based on the information in the source.

There's always that initial stress that they will sign up on time for the first recurring payment, but I've ultimately never had an issue.

In that case, having it accounted for as a separate fee might attract more initial interest in renting the property - with the total cost being revealed later.

Early this year in 2025, we've had a few rental renewals where initially the tenant said "we aren't renewing," but ultimately have come back saying "they'll renew." 

When the ROE is significantly smaller than my CoC return (based on initial investment) I know it's time to make a move to increase the velocity of the money.