@Leon GreenHi Leon I am a property manager in Tampa and OrlandoFor a single family home we typically charge the following 10% management fee75% first months rentNo repairs mark upsThe late fee charge is typically split 50/50Personally I am not a fan of charging mark ups for repairs as it can create a sense of distrust with the owner.

@Jeffrey St.Laurent I am a fan of the HELOC.   

The relative with the oceanfront condos is basically making the captive on-site property manager rich.

I'm not a big fan of Airdna's numbers as I've found them to be mostly inaccurate on the rentalizer when I've compared to our actual data.

Even though I’m a fan of equity, I also want to point out that equity should never be seen as equal to cash in hand.

I can’t say I’m a fan of people who don’t clean up after themselves either.

Excludes: appliances, flooring, paint.Median kitchen (ARV $120,000 to $250,000)ea$6,500.00 $0Low end kitchen (ARV $50,000 to $120,000)1ea$4,500.00 $4,500Rental Property Kitchenea$2,500.00 $0Appliances - (Grouped)Includes: Refrigerator, range, range hood, dishwasher, microwaveHigh end home appliancesea$5,500.00 $0Median price home appliances1ea$2,500.00 $2,500Rental Property appliancesea$1,200.00 $0Kitchen - (By Item)Cabinets - Rental Propertyea$500.00 $0Cabinets - Rehab Property (ARV $200k +)ea$5,000.00 $0#14146071Install Cabinet Hardwareea$6.00 $0#87529915Countertops - Granite ea$2,000.00 $0Countertops - Laminateea$450.00 $0Sink1ea$150.00 $150Sink Faucet1ea$150.00 $150Garbage Disposal1ea$175.00 $175Bathroom - (Grouped)Full bath - replace everything1ea$3,000.00 $3,000Includes: vanity, counter-top, mirror, sink, faucet, tub, surround, shower-head & faucet kit, towel bar kit, fan, lighting kit, basic plumbing & electrical work.

@Bud GaffneyI’m not a huge fan of the Las Vegas market.

I’m a fan of books that get mentioned on BP, go figure...Anybody get anything epic they are excited to use or implement? 

Your situation might be different, and if you have a current W2, it is a lot easier to secure a loan, but if you are 1099, commission only, you could run into trouble trying to get an FHA loan, as they will likely want at least one, if not two, tax returns to prove consistency of income.But to answer your question: in this market, I am a much bigger fan of flips.