I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...

He showed me what I needed to do step by step, of course this came with a fee.  

I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.

If the rate on your HELOC is higher than prime, then your savings will be even lower.We think we have the lowest fees in the market.

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

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

I had to have an awkward conversation with my favorite realtor when their broker suggested everyone had to pay a $700 “document fee” on every sale.

(Granted, I am not factoring in various fees that may be saved by financing at acquisition).

Tax free appreciation and rents significantly trump the loss of depreciation and custodial fees.

No NON-QM broker or lender should be collecting upfront fees for processing.