I calculate the annual IRR (yield) (sort of like the APY on a CD at the bank) for each deal sold; the best has been an unbelievable 78% and the worst has been 5%. 

Not calculating maintenance expense could end up being a nightmare.I always estimate (using either the 50%, 1% or square footage rule) the annual maintenance / first year of maintenance fees for a ALL rental property.

To me I'm not seeing this as clearly as those who are deep into the BRRRR philosophy.ELI5Also, the rehab part gets old after a while...rehab and maintenance never ends.

What about if you set up a maintenance company that maintains all of the properties, then you have a real estate attorney prepare all of the lease agreements.

That is more than 50% of the ENTIRE annual budget of CA for 2024. 

The only thing that keeps me from owning a house for my personal use is the baggage it comes with like maintenance, time and overhead costs.But I understand It'll cut costs and is something I should really think about.Thanks

I recommend you do this annually to adjust for utility increases and other variables.

We have a solid inventory of newer properties that will have low maintenance for many years.

- Rents, Vacancy & Maintenance metrics, future growth, etc.2) Your analysis?

., but for now, we like to only consider semi-stabilized (with minimal deferred maintenance) or fully stabilized, cash-flowing properties.