If the Ensuing damage is also not covered, the total loss could be vastly higher.  

Total loan is $500k so the other $400k comes from other investors.My husband invested in a note with Aloha last year as a trial, and unfortunately that one went into default a few months later.

And also totally agree, either you need to be on the ground yourself or have a really strong team in the market.

And if you select the Growth or Professional, you get a total of $100 in your wallet. 

Your total spend might be like $1,500/year on everything from brokerage to MLS to boards.

Multiply that by 10 total rental buildings, and you can see the premium jump significantly for your overall portfolio ($3k in this scenario). 

We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.

Thanks for sharing this perspective—it’s super helpful, and I totally agree that the “perfect BRRRR” is incredibly rare these days.

It's not like you only swaggered into it with a few thousand in total capital, right....... 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.