I think the original point was that once you add in taxes, insurance, maint/repairs, CapEx, AND 8-12% for a quality PM, the numbers start not working out... on ANY rent of 700-800$ on a SFH, unless the purchase price was like $20k :) Acquisition, accounting, rehab, tenant placement, and management are a JOB, and a busy on at that.

Any idea why the owner would show no interest in another placement?

They surround themselves with a team of highly qualified people, put together a Private Placement Memorandums and pitch their fund.

I suppose I could just sit back and let my purchase from a few years ago pay me, however a return on equity analysis tells me I would be better off moving that equity (or some of it) to a different property using refinancing or a sale (1031 exchange).Precisely how I might move that equity depends on the specifics.

The pm fee is definitely too high unless that’s just a placement fee and you’re going to self manage?

Spoke with electrical contractor about Data panel placement in the Master bedroom closest and RJ45 runs.  

I bought $80 worth off of BP.Hi Travis,Decide more specifically what you want to do (when you're finished with the $80 you've just spent).You will be a able o make a more educated decision at that point.Then you can drill down more precisely with that question.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

It is precisely the newness that worries me.