There is a system we use called RUBS which is RUBS or Ratio Utility Billing System is a method of calculating a resident's utility bill based on occupancy, apartment square footage, number of beds, or some combination of factors.

I'd also appreciate input on these other two factors as well:Are there any other fees to run a property as a rental in Springfield?

Hard money is alot of money to factor in especially if we cant refinance for some reason.

I think once you factor in vacancy and legal expense (which I don't see), you would be closer to that $15k.A class C building will probably wind up higher on the maintenance side. 

Also you should think about management fee and factor in vacancy, taxes and insurance.

Some of the factors that may influence your decision: extensive presence of a particular asset class in the area where you reside, or where you’d like to reside.

Get a good tub from a plumbing supply house and have it installed properly and it will last forever

It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

Factors I'm aware of that might help determine the most efficient answer:-tax writeoff of interest portion of mortgage payment (most impactful during early years of mortgage) -margin of net rental income after all expenses -ability to qualify for attractive interest rates on additional mortgagesBasically I'm just trying to get the most bang for my buck.

The biggest factor was that this was our first flip outside of our normal Middle TN market and also our first one hiring in outside contractors.