Not surprisingly, initial interest has been strong, and we are testing the concept with two 506(c) blind pools, to serve flippers in 2 of those 2 dozen cities.So we need someone that can give us high-quality analysis of the business model, and let us know what it will take to grow from 2 to 2 dozen. 

Speaking of furnishings - I think your $20k furnishings number is a little low, but it depends on the size of the house and quality of the furnishings.5.  

I accounted for 13% for Property manager as I rather pay for quality than have a shabby one that would create issues down the road. 

It is true that you will pay more for a quality contractor but you will save money and aggravation in the end. 

I used these guys back in 2011: http://theambrosegroup.net/ambrose-cost-segregatio...I'm not qualified to judge the quality of their work but my recollection was that they were professional and easy to work with.

I can't see quality brokers like Mark Ferguson or Joe Evangelisti pulling this scared schoolyard stunt, either.   

Of course A/R quality, deferred maintenance, your credit score, appraisal value, down pmt, all matter a lot too.

An experienced investor with capital might be able to renovate and attract higher quality of tenants.  

if you want the quality of plywood cabinets, with a little more customization you might check out cabinotch.com .

Not necessarily in the worst neighborhoods, but places where average real estate prices are relatively low and the quality of life is still decent.