The high PM costs can absolutely be justified. 

A data set of 10 will be far more effected than a data set of 1000 of a couple low sale prices. 

The neighborhood possessed the correct fundamentals and even though home ownership was low, I was securing, teachers, nurses, resident physicians etc. as tenants but mistakenly focused too much on the cash flow. 

They have received two blight violations for failing to store trash containers properly, resulting in costs of around $400.

Casting a large net by utilizing wholesalers, MLS, direct relationships with agents to get deals BEFORE they hit the MLS, driving for dollars/door knocking, direct mail, etc. are all great avenues if done correctly.Knowing how to calculate the ARV and rehab costs is also essential to identifying a good deal and that goes with any area.

My question is if inspection turns up foundation damage will cost much more than what I expect and budgeted for... 

I tried doing direct mail myself, but the response rate has been very low.

Is your all-in budget $130K, meaning purchase/rehab/holding/closing costs all must fall within that number?

Hello -- I need to do a major rehab on a rental property that will cost about $50k-60k but the contractor does not want 1099 and wants nothing to be reported to the IRS.

The total cost for the renovation was $96,000.