Understanding the costs of tenant turn-over will become a larger part of the decision making process once you go through a couple of vacancies and see that it may wipe an entire year of income out in lost rents, renovation costs, holding costs, and tenant placement fee (average of $4,000-$6,500.)

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

I have a whole team in place that can help you with property analysis, acquisition, tenant placement, management, and rent collection.

Thanks for the info on getting 30% off for the roof placement, going to look into that.

Your comps might be precisely accurate today, but there is no way now to know that they represent the market in 6 months, or whenever your flip will be complete, as a lender would normally use them.Lenders are holding back because of uncertainty, not because they don’t want to make money.

We also have access to conservation easement investments and can put you in touch with many other folks doing real estate private placements.

Takeaway: Measure the success rate of your broker precisely.

The going rate in my area (central Iowa) is 10% of gross rents to manage. 50% of 1 month's rent for tenant placement/replacement.

Perhaps I am somewhat naive but what precisely makes and area a ghetto?

I suspect that if I can gain a more precise understanding of what a SDIRA investing using leverage will look like I can put together a viable business plan.