For flips, calculate the after-repair value (ARV) and subtract purchase, rehab, holding, and selling costs.Pay attention to location, rental demand, and the property’s condition.

The Property Manager usually does light cleaning and repairs between tenants.Recommendations or another way to think about this? 

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

The best thing about a new build is the capital expenses and maintenance and repairs will be minimal for many years.  

I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.  

I just go in at the first of every month and code each line item to the corresponding property and note what the expense was for (Repair, HOA Fee, Mortgage payment, etc).

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

There is a 'comp' listed for $200,000, but it was sold as-is and needed great repair.

Paying off the notes, working to pre-emptively make repairs to capex items before they fail or become a major issue think roof, HVAC, and foundation.

Given your buy box, keep an eye out for properties with strong rental demand and minimal major repairs.