Landlord, the dishwasher isn't draining and the hot water heater broke". 

@Dawn Anastasi Thank you very much, I will take a look at your website I appreciate the assistance!

 I know a few promising lenders in Asheville- Dawn Morton at Firstbank, Becky Girard at Hometrust, Mike Morgan at United Federal, and Tina Ketterer at Trupoint.All are overworked and extremely slow as a result, but all offer portfolio loans at around 5.5%.Asheville Savings Bank is good, but very limited and inflexible when dealing with investorsAvoid Steve Jennings at Carolina AllianceGood luck and happy borrowing!

Smaller unsecured loans only work in markets with cheap houses. https://www.biggerpockets.com/renewsblog/2013/08/01/bp-podcast-029-peer-to-peer-fix-hold-dawn/BTW...I love Atlantic City!!

I just had to do the same with a dishwasher.

A contact I have here on bp is Dawn Brenengen she's investor friendly and also has property management expertise.

The only other things I would remember to factor in is the initial cost of furnishing the unit (obviously completely filling a unit with everything from a couch to TV to plates and cups and linens isn't cheap at the get-go.) and then the costs of expendables (toilet paper, paper towels, dishwashing detergent, cleaning supplies, etc.)

Thanks Dawn Anastasi .

Thanks @Dawn Anastasi as I've said many times your podcast really opened my eyes to peer to peer loans and lower priced deals. 

@Dawn White Not sure if this site will be accurate and assist you in your area, but I have found it helpful for my area- www.findcompsnow.com.