Originally posted by @Mike Lambert:@Jon Latorre$100k+ sounds nice but it's not the same return whether the property costs $2 million or $5 million.My question was what is the typical rental yield range?

If your cabinets are made out of plywood and nice enough painting is actually a great option. 

As you've mentioned, great schools, area in general is nice and it's centrally located.

Firestone park and Goodyear Heights are nice areas that get good rental rates and have lots of demand. 

In particular, the ability to auto-sync and categorize bank transactions (similar to Stessa), easily track expenses against budgets, and streamline lease creation with lease templates is quite nice.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

For the value add we're going to fix up the roads, add a nice sign and fence, replace mailboxes, add lights and fix some plumbing leaks.

In my opinion that is rarely necessary for a rental rehab unless perhaps this will be a really nice rental in an upscale area.

Plus, having a fully paid-off property could be a nice safety net if the STR market takes a hit or occupancy slows down.On the flip side, if you’re eager to grow, saving for another property could be the better play.

The 2nd person really liked the house and even mentioned how nice the rehab was, relative to comparables they have seen.