However, if you want to get to a more granular level (sales price by style of house, # bed/bath, neighborhood, etc.) this is much harder to find. 

Add all these things up will give you a more true idea about the real cost of getting into the building as compared to the cost of financing only. 

But it does make you look like a more serious buyer if you have.

I think if you are in a higher price point and you have a more upgraded cabinet/kitchen you can get away without it if that is the clean modern style you are going for.  

He prefers to make a more modest return, but wants his money working for him in longer-term projects.

I don't need your life story, but an introduction will put you in a more favorable light.And, thanks for the requests!  

It seems like PM fees can add up and reduce returns when you factor in 1 months placement expense rent to fill a vacancy plus the normal vacancy Also another good question is what keeps the Property management company from selecting a more flighty tenant vs a more stable situated tenant?

If they contact you to ask about the status of their application you can just say, "We are renting to a more qualified applicant."

Could have certainly been a more expensive lesson though. 

They seem to have a more limited life span and parts cost makes me say no to a rental, but in a Flip I do do one.