Listed expenses are as follows:maintenance - laborpesthvac repairslandscapingplumbing repairselectricwater/sewer/trash - grouped together just like thatprop mgmt at 10% of grossactual insuranceactual taxes_______@Donald Shaver I claim a shoddy operation because the p&L appears copy and pasted and the owner is out of town.

We work in several different markets and found it easier to recruit agents in markets like the Midwest rather than the West Coast.

Your comps appear to be active listings not what has been sold.The margins are way to thin on this as the Holding costs will be a lot higher than 3k and closing costs probably more than 12k when you factor in taxes etc. throw in a 20% contingency on top of rehab and the deal is making very littleJust my 2 cents on how I would analyze it

I noticed a disturbing trend--rentals which are priced at a level I didn’t believe to be profitable are staying on the market an extremely long period of time.After a little digging, I found several neighborhoods which appear to be completely saturated with rental homes.

It's much easier for you and the tenant to replace flooring between tenants especially if you are going to polish or refinish hardwood. 

Igor Kalabukhov That sounds a lot like syndication and I would be careful pooling $ like that as it appears to break many SEC laws.

I don't really have a good reason beside I thought they cash flowed better and easier to maintain one building (In theory). 

Plus the PMs I work with know that keeping an existing tenant is easier than loosing one so if they charged me $150 to resign an existing tenant for another then I would expect the tenant to cover that cost over the year.

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Also, renting a unit while someone is actively living in it, prior to them packing to move, is infinitely easier than doing it while it's empty or a wreck with boxes.