However, since we recently started our Real Estate venture, we cannot afford to offer free tickets.

They don't sell many tickets!  

Factor in big-ticket items here as well. 

You're able to just purchase a one day ticket (usually about $20) and they have a speaker as well as networking.  

You'll need to account for some big ticket items down the road.

For myself, sending direct mail is like buying a few lottery tickets every week.

I knew real estate was going to be my ticket out of the W2 but I was too scared to fail, too scared to lose money and let other people down.

You will want to take into account the quality of the rehab (especially the big ticket items), the performance record (how long to fill a vacancy, how long does the average tenant stay, what is the average turnover repair costs) and costs of the PM, and how conservative you want to be to allow for these costs.  

I self-manage my properties currently, and love that all the exterior maintenance is taken care of on these units; it makes managing multiple units much more bearable, and I avoid big-ticket items completely, plus don't have to worry about tenants taking care of the lawn.Here are the numbers for all 4:1) Purchase price: 116k 2 bed/2ba/1garagePITIHOA: 655Rent: 1275CF: 6202) Purchase price: 141k 3bed/3ba/no garagePITIHOA: 755Rent: 1350CF: 5953) Purchase Price: 149k 3bed/3ba/2 garagePITIHOA: 840Rent: 1545CF: 7054) Purchase Price: 132k 3bed/2ba/1garagePITIHOA: 835Rent: 1450 (anticipated, just got this one)CF: 615I'm excited about these criteria and my ability to branch out with what I feel to be good investments, in newer buildings, with minimal management on my part.

I have been reworking my Maintenance and Repair and my CapX numbers a couple different ways and I keep getting approximately the same numbers.My typical unit I am looking at is a 1000 sf 2/1 duplex or 4-plex with hardwood floors in a C-B neighborhood renting for $1000-$1200 built in 1890-1970, yes, quite a range.I added up big ticket items like roof, water heater, new kitchen, etc and divided by life expectancy and came to $1000/unit/year, so I'm assuming $1200/unit/year with a buffer.