When they're this low, I suspect the current management is skimping somewhere, and you have lingering problems to clean up.Even if the NOI really is $185K, 2.275 mil is too high.

There's no point in skimping out on CapEx - if something does break, you have the money available.

But a few key things that are probably global are the following: > Take GREAT pictures, do not skimp on professional photography as they sell your home online> Make sure you always put yourself in the guests shoes and are empathetic to the fact that it's their special vacation time as if it was yours and therefore prepare, maintain and communicate with the guest with that in mind at all times.

YOu getting 100 year warranties or what.................lol.Not a good idea to skimp mgmtn down to 5%. 

(That would be a workable deal)I don't specialize in the east side but I'm a full-time landlord/investor who just happens to be Property Manager (in my area and for select owner personalities...we don't skimp on the tenant strictness or holding our owners to owning safe, well-maintained houses.) and I am a realtor in my free time. 

This is one area where you don't want to skimp.

Dont skimp on finishes, and dont go overboard.

Trying to cut corners and skimp on not hiring a good CPA may cost you more than it saves you.

i skimp on paint usually and buy cheap stuff, but you want this to stick, so i'd buy the higher quality paint at lowes' or homedepot.

They often skimp on due diligence (don't look for wood rot, don't scope the sewer line, etc.) but almost always just budget not enough.