That's your "E-Z Button", you need a good PM so tap-out and get one STAT. 

Quote from @Pierre E.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

https://www.redfin.com/OH/Cincinnati/17-E-Mitchell-Ave-45217...

This is the 2nd thread recently where people espousing his teachings have had issues using sub2 (see the recent one here from someone who was warned about the high risk of the strategies he teaches about a year ago but said he should be trusted "because he had a TV show on A&E": https://www.biggerpockets.com/forums/50/topics/1225630-due-o... can't make this stuff up).

If Caleb doesn’t respond you might want to check out this thread https://www.biggerpockets.com/forums/51/topics/816680-real-e... 

The mega site in Richmond, as well as Mt Vernon, will really change the landscape in these areas as they did in E-town when the battery plant came in play. 

It fills out your Schedule E to send off to your CPA every year!

You can't deduct travel expenses before identifying property because you report every rental activity you already own on Schedule E.

Quote from @Bob E.: The key to investing out of state is finding a good property manager.  

The revenue and expense categories line up with your Schedule E which makes it a breeze to prepare for filing your taxes and I like the reporting features, too.