I believe the buy/sell part is an easier estimate (i just figure in 10% for a 6 month project).

I will give it a good try for a few months, and then I will give it up.Anyone else make any profits?

In April they had a roof leak problem, I got it all fixed by the end of May (nearly 2 months).

Also keep in mind its 24 months technically not 2 years, so as long as you have 24 months of the past 5 years (does not need to be consecutive) Your good

I think it will get up above 6 months soon and may rise even further towards the end of the year pushing us into buyer market territory where prices fall.There are more available rentals on the market than there would normally be at this time of year.

It currently has 14 out of 17 units occupied, generating a monthly income of $6,300.

The local Real Estate Investors Association (REIA) puts on several meetings a month, and covers a variety of topics. 

Issue is he is paying 750$ a month for the 3br/1ba unit.  

It was a new-build and it took GL Homes 18 months to build it.

They didn't even last 18 months before selling it to someone getting started in the PMC biz (who got screwed on the purchase).