Renovations were quite a bit more than we had expected due to more issues than we were aware of.

Tenants should pay  utilities - they're consuming those and landlords should 'inspect' what they expect on a quarterly basis and that includes verifying that utilities are current.  

Not only will it possibly save you a little money, you'll develop skills and figure out the nuances of real estate investing that you can't learn from a computer.Out of curiosity, what type of properties are you looking to add to your portfolio?

I expect to outperform these numbers.

Even with having made improvements, anyone selling now who purchased in 2022 should be expecting a loss.

My contractor and I were expecting a $15,000 cosmetic repair and ended up with a $75,000 total renovation.

I'm sure it's a little more efficient in larger cities, but my market requires up to 60 days to get approval.Lower your expectations with Section 8 tenants.

So, comps can help with figuring out local cap rates, then you need the income from the property to determine a value.

some like to fix and flip some like to hold for cash flow, figure out which you like and take it from there  Monthly...so guess rentals.

Rates and expectations vary depending on the relationship and the investor's comfort with risk.