Even the valuation of these by MAI appraisers value them at something like double their average sale value.  

Umm pricing has doubled, tripled or more on top of the 25% NET caps. 

@Errol Graham you're in a tough position - too small for better software systems, but getting too big for spreadsheets.Stessa may be a decent option, as you should be able to track your accounting so you don't miss something or double enter a bill.Depending on the cost of QuickBooks, you may want to look into Buildium.

Can you double check my numbers/scenarios here... 

I double "co-hosters" in most markets are getting 25-30%.If property management interests you I would suggest you become a licensed and insured PM company to increase your credibility. 

Hey guys, Wanted to drop this deal I just closed. I've been chatting in DM's with so many who want to get started with investing in Detroit. Doing things a bit different now. I've learned my lesson about relying on tu...

Double-check comps to see if minor upgrades (like a walk in closet) might justify a higher rent. 

I think it was a double whammy when the fed rate was boosted from nothing to 5-5.25 and the fed was also selling a bunch of the bonds they had bought before to drive mortgage rates down. 

While that is probably true, it would also wash out the grocery store where his food comes from and the neighborhood would look like  I have been in many quakes including the big one the Loma Preita one  what killed people was the freeway double decker collapsing on the bottom deck and one guy fell through the Bay Bridge when part of that deck came lose .

It can also work if you're planning to do an option, assignment, or double closing, because you're not taking on the risk of holding the property for an extended period, but if things continue slowing down (thank you, high interest rates), you'll want to be very careful about how much you're offering, especially if you stick to the straight flipping model, where you take title to the property and don't make any improvements to force appreciation.