Existing tenants claim that they are generally happy with the property and don't have any complaints or repairs that they've requested and they've just renewed their lease 2 months ago.What I like about Hemlane- Cost: Even at the most expensive package offering for full repair coordination and access to a network of service pros, its still cheaper than the property management companies I've spoken with.

She is getting a 1.46 multiple over 4 years , so 1.46 X to the Y 0.25 equals 10% compounded annual return, which should be totally covered by depreciation so that's an effective yield of 16% if in top bracket.

I guess I am thinking of cost per year of service as my primary metric.Without knowing anything, the EverSeal product looked like it might be cheap to install as it looks like just spreading a thick liquid across the roof.

Construction costs have almost doubled in the last 4 to 5 years. 

Our seasoned properties with lower costs hung on fine. 

Mistakes that cost a lot of money can happen when you're feeling emotional.

. - this leads to management inefficiencies and waste- you have to rely on other people's judgment- you have an overhead cost burden for doing things remoteIt is tough enough to organize a carpet & paint rehab remote (ask anyone who did it the first time), let alone a full-scale BRRRRR.

This is where your costs will come into play.  

However, if the high cost of living makes this impractical, you should consider a turnkey rental property.

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kIf you are looking for a long term or short term rental in old town alexandria or just a small / tiny home primary residece with NO HOA right on King Street, this is your home.Contact with questions, interest, referrals of anyone you think might love it. more photos will be uploaded soon.