Again, it depends on the borrower's priorities (time / energy / fees / opportunity cost of finding new deals / etc)4.

Determine cost to renovate. 

Roll them all up and the averages are:purchase $154krenovate $47Ksell $232kThese are gross numbers, not including closing costs, borrowing costs, holding costs, licensing and permit costs, G&A, overhead, commissions, forward rate buy-downs, and lease-up fees, to name a few of the many expenses incurred. 

This is a great look cost preventative maintenance thing It also allows you to "inspect" your property periodically

But my other unit is less than a mile away with three units and it costs $100 a month for those three.it’s absurdly high. 

A good PM can often get higher rent to offset their cost because they manage at arms length compared to the owner who may be worried about charging market because it’s “too high”.

We're currently using it as a replacement to security deposits but I'm considering bringing back deposits since there are certain costs that Waivo doesn't cover.

Then if I have additional concerns I call in an expert to get further information and an estimate on what the repair will cost.

This approach is cost-efficient and eliminates the complexities of dual-state filings.

purchase and rehab, sell 236k, with seller contributions, holding closing and selling costs ...