Even at $2200 I don't expect to get a positive cash flow for the first year, but that's okay as long as I rent it out and learn from my mistakes for my next investments.

Purchase price: $990,000 Cash invested: $350,000 Purchased this home with my former partner back in 2018 and we put 200k down.

Is saving the fee a PM charges worth the potential thousands in cost and headaches?

I wouldn't have any interest in buying something like this to hold since it would be so far negative cash flow wise on a monthly basis.

If you're insuring a home to replacement cost, insurance companies don't care about appraisals or what the home is worth.  

Purchase price: $325,000 Cash invested: $50,000 This time I acquired a property that needed little to no work.

Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.

Worth it still as now I don't have gas bills to contend with for heat which I would say was around $1k a year.

This also only works for cash buyers willing to buy and hold. 

Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?