Hey, Jaycee, I've only been running it for a couple of months now since I closed but it's been doing about $6000/month in gross rents so far, this month will very likely be closer to $4500-ish since it's by far the worst month of the year for rentals in that area. 

Before jumping into the condo, I’d take a closer look at whether the $300/month cash flow is worth it compared to other options, like a small multi-family property or a property in a higher-yield market.

On proformas, it really should fall somewhere closer to 45-50% range for expense ratio.  

Slightly increased the offer to quickly go under contract, but still had inspections and everything done before completing the deal.

Do you rely on inspections, local contractors, the agent, or property managers to get eyes on it?

If you're going to do it alone, make sure you your due diligence: estoppels, inspection, review, consult with a local attorney familiar with the local regulations, etc. and good luck.

While algorithms can analyze data at scale, real estate isn’t just about numbers—it’s about nuances and the most important component of real estate is understanding its value, and that to me (maybe I am old school) but can only be done by physically visiting and walking the property.So for me, factors like local market conditions, property inspections, and borrower credibility can’t be fully captured in a formula.

The buyers did a long inspection, multiple days... made a huge request for concessions based on what we knew to be purely made-up issues.

Living closer to work saves time and money.

Are inspections needed before and after the work?