I'm going to go against the grain here as I often seem to do...I personally hate the traditional turnkey model.

After assessing the cost of remodeling, and either renting or selling the property weighed against the advantages of selling as is to a builder it seems to make more sense to sell it as is. 

I am not a big fan of investing out of state, but I know a lot of people here on BP seem to pull it off with no issue.

I would agree that this fee seems reasonable for your personal return including the three properties. 

Seems like a no brainer... had a primary, bought a new primary and kept the old one as a rental.

The main problem I noticed was how much was reported as gross, which seems much lower than what I anticipated.

@Sarah MazeIt seems like you sell the house based on the headache and the amount of equity can be deployed to continue growing your portfolio. 

My market timing has never been fantastic and, it seems, my move into real estate is no different LOL!

If any of the "Big Five" systems (HVAC, plumbing, roof, electrical, water heater) haven't been updated recently, they still should be budgeted, even if you expense them later.Also, if you're primarily buying for cash flow, then this seems like a whole lot of work for just 7.75% CoCR!

(One example is episode 534) We can afford to pay the difference to hold onto the property for appreciation but it seems like maybe there is better ways to use our money so that it both cash flows and appreciates.