I estimate the property would generate net operating income of $100k ($120k gross, $20k opex).Questions:1.

Hello BP members,I am currently living in North Carolina and in the process of learning the basics of real estate investing, and operating in the RTP area.

If in your personal name the Drivers License, if in Entity then operating agreement, certificate of good business standing.Previous tax return showing that the unit has been rented in the past by you.Occupancy permit issued to you or your entity.Rental Inspection completed by a gov't official issued to you or your entity.Are you registered locally with any chambers of commerce, etc.

.$2.8M asking price 25% down, 5% rate, 25 year amortization $12,276 per month debt service$147K per yearStated NOI is: $95KUsually stated NOI is overly generous (in my experience) but if it’s accurate you’ll lose $52K per year.Difference between gross operating income and Gross scheduled income is $12K.

The units come pre-loaded with freon so dont let anyone charge you extra for that.

I would suggest looking around and seeing what kind of companies operate in markets you may be considering.Try looking at:What to Ask When Working With a Turnkey ProviderandThe Best Types of Markets for Profitable Turnkey Properties

All too often I get the feeling that most here on Bigger Pockets operate under the terms "It's my way, or the highway".

Interesting white paper with loads of data.

TOTAL MONTHLY EXPENSES:  $1,504 (monthly P&I, plus all the expenses outlined above)TOTAL MONTHLY CASH FLOW:  $396 ($1,900 rents - $1,504 expenses)Annual Cash Flow:  $4,751 ($396 x 12)COC RETURN:  9.1% ($4,751 annual cash flow / $52,475 total cash in)Net Operating Income:  $13,691 ($1,900 in rents / $759 in expenses other than principal & interest payments... x 12)CAP RATE:  7.6% ($13,691 NOI / $179,900 purchase price)So, you can see this isn't exactly a home-run deal as far as CoC return goes, but the cash flow is almost $200/unit, which isn't bad.

The physical operating costs of a brokerage are pretty minimal when measured against gross revenue.