To me I'm not seeing this as clearly as those who are deep into the BRRRR philosophy.ELI5Also, the rehab part gets old after a while...rehab and maintenance never ends.

We Normally put steel posts nearby so no one runs into them.In the third picture one unit is just in front of the picture, then a second unit is at the far end on a post.These can be set off by deep fog, rain or sleet. 

Modeling uses templates to estimate allocations although some firms still dig very deep on these types of studies, costing $1,000–$1,250.DIY tools are cheaper but often miss deductions and lack audit-ready documentation.

If your going to pay 50% at least have her go over there and do some "deep cleaning" that may not be included in standard turnovers.

Rates that are too low relative to the rest of the market are a red flag.Agreed granted many of the HML have a sliding rate scale based on  ARV  and experience  and maybe a little fico in there. lowest I have personally seen was 7% and 2 points.. and of course junk fees.  

I would pick a market area you like and start doing a bunch of deep dive deal analysis, but from a rental and not a life style standpoint.  

Yup, this is exactly the reason that I wouldnt allow delegated correspondent - it's too easy to get greedy and gloss over red flags when you get paid to package and sell risk to your partners instead of bearing it yourself.

Have you had any red flags in the process so far?

Way simpler and more protective for everyone for about $30/month.Out of curiosity, will you be at red stick REI in January?

The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.