You are basically paying above the 1% rule which typically equates to no cash flow and you have not spent a dime in repairs yet.You may want to get a highest and best use report for this property.

Nobody has to lose a dime to be a victim of fraud.

Do it ethically and no one cares if you make a dime.

That level of deductible would allow you to put in a whole new foundation before insurance kicked in a dime.

I'm looking for a professional, self-directed property management company that doesn't nickel and dime with fees.

Seemed the MLS nickle and dimed me to death, had to buy this and that and this.

i have the same problem i signed one and I'm not a land lord by choice i signed that thinking i can go in with a key they never brought to closing i had to pick up the key at the seller realtors the seller daughter still in the house not the seller i have not even been in the house I'm to old I'm 65 and on ssi  to let people live rent free the whole ordeal  is so draining  and they never got renters insurance i text there realtor for there insurance he send me home owners I have home owners insurance i said they need renters insurance i told him I don't want to be liable for them he never sent it i ask can I come in to make sure everything is good seller daughter said everything is fine  and shes to busy to let me come with running to the hospital and seeing her mom and packing 60 days on my dime no rent cause i was supposed to move in that house there are leeks in the house that she cant see i would of like to get those leeks fixed my inspector told me about the leeks can i get them out for not having rental insurance and not allowing me to fix the leeks.

Here's the current situation:The fourplex I bought upon completion in December 2016 for $550k is now already worth $645k (actual sales comp from identical building) and I haven't put a dime into it.

May be why I never lost a dime at it.  

Don't nickle and dime them to death, and if something is broken, fix it promptly.