And probably any money you used to secure the home and keep it from getting ruined.I have only had one redemption and it really was not a redemption it was a huge equity deal and of course I was the only cowboy who routinely bid on sales with IRS liens.. as I had no problem waiting them out and I did not need to secure up with a HML quickly after the sale..  

Ready to rent properties can routinely be found for 40k or less that will rent for $650/month.

When we compare the quality of Rehab that this home had vs what midsouthhomebuyers routinely does, there really is no comparison.Because I still have properties being managed by the other companies, my preference is not to name them here.

I use the same metric when running my numbers just assuming that snow removal costs will be similar to the routine lawn mowing.

I would expect to be side-by-side with them, learning the "in's and out's" of their routine. 

Houses routinely sell for under 100k and will cash flow decently as the rents usually go for $600-$1000 or so depending on the state/city/neighborhood.

@John Dellinger,  I don't know about your state but in state of Ohio it would be illegal only if you charge money: then you have to be a licensed broker.Your employees don't have to be licensed to conduct routine work though.

Spoke to a mortgage consultant who said its 'routinely done'. 

THE SECOND MONTH Somehow during the Second Month, when the newness wears off and the happiness falls into a routine, the new Tenants become confused.

. $500/month expenses - Taxes, insurance, landlord paid utilities, management fees, routine maintenance costs (pest control, snow shoveling, etc), apartment turnover costs (locks, cleaning, paint, repairs, vacancy, etc), saving for capital expenses (roof, windows, furnace, applianes, etc)