Labor and supplies.2.

This is a very very difficult business because you have to buy company with higher valuation without knowing their product (doing DD/financial audit to young company or bankrupt company is extremely difficult) and then establish supply-chain-model (establish partnership with amazon/ups/fedex) and such.

The cleaners do with it with supplies left in the supply closet. 

Add on rollers, tape, floor coverings, etc and it could easily be $300+ in supplies. 

He's three points and 12% to start and he will not supply rehab funds on the first one. 

Pay for supplies upfront.4.

As an out of town owner, one benefit of Madison is that we do have a good supply of property management companies to consider. 

Many people start out active because they want exposure to real estate and don't know that you can start out passive - you can effectively hire the asset manager and supply capital to the investment.You can have great success as an active or a passive investor - but it is important to understand the difference and to select whichever option matches your skills and resources the best.Good luck!

The equity increased a ton especially w the limited supply 

Lots of new supply now with reduced demand.