What you are not including is vacancy, capital improvements, turnover costs etc.

Could you please share your experiences, tips, things to look out for? 

@Roy Lam you made an honest mistake with the garage.

Others who focus on CoC (I focus on IRR and EMx) will probably comment as well, but most "good" CoC returns are in the 6%-10% range.Out of curiosity, did you buy the property for $75k and is the ARV $130k? 

Let me know what you guys think.  

I would probably structure it as debt like a loan and possibly break it up into quarterly payments or whatever you think will work best for you as far as repayment. you can get creative....

I recommend RentRedi as a PMS.

Thank you so much, Luo It’s likely pulling data from Santa Barbara County, which includes north county like Santa Maria, Lompoc, orcutt etc

Also, I would suggest going to DIG (Diversified Investors Group) as well as DPI (Delco Property Investors) as they are two local REIA groups where you can meet other wholesalers and investors.

There is not even a cohost option that I know of.Are you going to get a PM license?