Be sure to do proper screenings to weed out a lot of the bad apples and keep turnovers at a minimum.

If you explain that their fee will be forfeited if they fail these checks the bad apples may refrain from applying.

-The pro forma shows a regular 30yr conventional loan as that is the only way to compare apples to apples for long term holds. 

My guess is that there are NO similar properties in the neighborhood, so the appraisal compares apples to oranges.

2 on a lot, SFR, 6 year old townhouse, 2 on a lot, SFRThe other three were two SFR and another townhouse, but I decided to sell them all retail.Of the properties I kept, my financing looks like this;2 on a lot - seller financed2 on a lot - subject to the seller's loanstownhouse - private loan, but it is worth $215K, I owe $100K and I get $1,595 in rent (that is more of an equity capture play than a cash flow move - I can hold it for a year, then 1031 into something better)SFR -  hard money loan at 9.9%, 5 years I/O.

Thanks for trying to keep it apples and apples.May I comment:  what about dividend compounding on the S&P ETF? 

However; it seems you need to make sure you're comparing apples to apples.

I would do these calcs on your own.I recall at some point in the past asking about their proforma sheet and they are trying to present an apples to apples comparison with other turnkey companies. 

I am using my Apple account for BP and a Mac OS but I also log in on a PC Windows 7 OS machine as well and my iPhone 5S.

Or they have to get an IO bridge loan to cover the rehab and then get more permeant capital once complete and they can show a steady TTM run rate.