Purchase price: $430,000 Cash invested: $46,618 Sale price: $589,000Fix and Flip in CB PP 430k Reno 46K Sold 589k ~ 3 Month TurnWhat made you interested in investing in this type of deal?

If you hire a PM, usually from what I'm hearing, Padsplit PM charges about 8% and some just charge a $800 per month flat fee because it's relatively easy I guess.

In most cases I have to pay out of pocket every month because rents are not high enough or the property is too expensive.

@Teri Feeney Styers the slow flip method that I think he is referring to is the one coined by Scott Jelinek which is buying a livable property using private money on a short term (typical 60 month--like a car) and immediately marking it up 2-4 times and selling it on a 30 year term using a land contract.

Hello, if you must live in San Jose, I'd say renting makes more sense, especially a 2.5M house for 5K a month.

Or what I would charge for rent.

Look at the trailing 12 month's expenses on the seller's operating statement. 

Originally I was planning on buying a multi family in the area I live in, but after reviewing my lease, I’ve found that I really can’t break it and I have 8 months left on it.

Seasoned investors using commercial DSCR loans for the refi are typically completing full BRRR's in 3-6 months.

I've got 7 months before the lease is up, so no is the time to research and think it through