One suggestion I would give to anyone looking at doing this is know exactly what your ARV is (and keep it on the low side), know your costs going in and adding 30% to that for safety margin and DON'T overlook how much monthly holding costs are because they will eat you alive if you're not careful!

Plan that if I can't sell Retail on the MLS, then I could sell to a buyer on an installment (to avoid holding costs that eat away at profit, and get property off my hands).  

:D Great thing though, got to meet a local and eat some great food.

For example, in Texas we can sometimes get 1% in rents, but taxes eat up the cash flow.

We hang out, eat pizza, and talk about real estate investing.Mat

Everyone, I think you may have missed that this is a single family residence.A high-tech management company is going to eat up any profit from a SFR if they will even consider managing it.  

If that was the case I'd be sitting on my couch eating chips and "hoping" i get rich one day.

First post here, but I've been eating up all of the great information! 

If some that does eat into my cashflow as I was expecting a monthly cost around 60 not 125.  

As well as excessive reliance on property manager to solve problems, which essentially eat into profits.