In Fort Worth, for example, payment standards are listed here, plain and simple.

Delaware and Chester counties release documents yearly that show what their "payment standards" will look like based on area code.

Lean more to “over” when you present the lease increase to the renters.

It probably would have negative cash flow even if self managed, but I expect at next mid term tenant the rent rate will increase.  

In terms of determining if a property is a decent deal, you might want to look at the potential for rent increases in those areas and compare that to your mortgage payments and expenses.

Hi Daniel,All around it's a tough market to do a BRRRR, but a lot of investors are looking at ADUs to increase cash flow or doing short-term rentals.

This is for the purpose of having a strong foundation that will minimize risk from any “Black Swan” event and will also increase your long term cashflow.When investing in real estate or business in general, one should always look to protecting the downside first before looking at the upside.Just my opinion 🤷‍♂️Regarding your $50,000 budget for turnkey.It will mostly be C or D class which I would advise against.High crime, lot of volatility, unemployed tenants and property management collects rents with a bullet proof vest and shot gun.On paper things look great, in real life they are much different.On the other hand, if you DIY in a markets like Ohio, Michigan and Indiana.You can definitely be into a B class asset for $50,000 purchase and rehab.Wishing you much success

It was month to month.I gave 30 day notice that the rent would increase to market rate, and he could move without 30 day notice if he wanted. 

When I went to rent the house out, I kept the house fully furnished, which increased the interest.

Despite the initial setbacks, we got a remarkable cash-on-cash return of 37.5%, far surpassing industry standards: Cash-on-cash return (Hammond Townhouse) = $12,000/$32,000 = 0.375 = 37.5%.