Relocate the light boxes toward the ceiling to add hidden lighting accents.

By the time you pay the fees to sell, not as much will be left and frankly, holiding it will give you bigger equity to cash out, even if you only held it a few years.

As for the rest, there are major differences between Net Operating Income and Net Annual Income (or annual Cash Flow – which I consider the real measure of an investment performance, how much money puts in my pocket on a regular basis) and Cash on Cash Return on Investment.Net Operating Income is calculated before debt.Net Operating Income = Gross_Annual_Rent – (Vacancy + Operating_Expenses)Where Operating Expenses = Taxes + Insurance + Monthly HOA x 12 + Monthly Management Fee x 12 + Repairs and Incidentals (Warranty, Utilities if any paid by owner and/or during vacancy, CapEx reserves, etc., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).

Why only 3% for agent fees?

**mini footnote:  A wholesaller is similar to a Real Estate agent, but without the fees & deals worked are always off market, exclusive deals.It was extremely competitive and very exciting and I learned a whole lot.One of the challenges with the market in Madison County is that there are many many deep pockets not only in the area but also those that have trickled down from Middle Tennessee not to mention investors from throughout the worldthat are looking invest in real estate just like you.A lot of my Nashville Buyers have been asking about purchasing deals in Madison county for years.Real estate agents that I have worked with in the area say that there is zero inventory and if something comes available, the buyer has to be 100% ready otherwise someone else will get the deal.That being said, I personally think that there is a lot of potential in untapped areas of Madison County.One of the biggest differences between Nashvilles market in Huntsville‘s is that there hasn’t been anyone that has been brave enough to build/Rehab/re-vamp areas that are undesirable i.e. north side.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Regardless, the first lease up fee is on us and we market it until a tenant is placed.You bring up multiple great questions.

Attorney's usually have pretty high fee's for using their own sample of a contract.

You should probably include a lease break fee in your leases.

I need to deep dive discuss with him without invading his privacy.Even if he cant finance, I'm wondering if there could still be a workable advantaged scenario here where I do get a loan, but we at least avoid 10K in realtor fees to get the price lower.