This simple update has big implications for property owners, allowing small repairs and maintenance to be handled more quickly and affordably.

Get a leasing agent for placing tenants and a good handyman for repair requests.

If it's not you - you are going to be paying contractors (most likely) retail repair rates - and with the prices of housing (even dilapidated housing) pretty high right now - I would say that flipping is not the easiest "in" to the market.  

Account for all costs, including closing fees, holding costs, and repairs.

So this is mostly in reference to us doing our own repairs, not necessarily looking to hire other people.

Some numbers:Expected 2026 income after raising rents to market value and assuming 7% vacancy: $144k.Expenses: $14k property management, $18k property tax, $10k insurance, $10k utilities, $8k in repairs/maintenance/advertising/admin/etc: Total operating expenses: $60kNOI: $84kBased on 6% cap rate that brings the valuation to only $1.4m, or $1.5m based on 5.5% cap rate.

Don't get me wrong:  cash flow is still an important factor, it keeps the lights on, it pays for repairs and upgrades.

I just listed my last property for sale, a fourplex in Pocatello, because now I focus more on commercial RE and syndications to be a true passive investor and not deal with tenants and repairs.

Class D Property:This is where we find many older properties of more than 30 to 40 years old, in need of major repairs.

This could be very difficult if you are going to self-manage, as you will be turning units every year and dealing with a lot of repairs.