Repaint, cleaning, etc....So that way the unit is in rent ready (showable) condition as soon as possible.Good Luck!

Very clean and tidy.If you're the one that finds the deal, negotiates the deal, coordinates inspections, and does all the work to bring this to closing, then you should pay yourself for that work (typically a percent of the purchase price).

We figure each mail piece costs about 85 cents when we either purchase a list, create our own list, pay for the labor, paper, stamp and envelope.85 cents is not a lot of money, but 20,000 mail pieces will cost $1700 and then when you don't get one good lead (and that is common for 20,000 letters) then that $1700 eats deep into your pocket when you can get thousands of leads for free.One problem with direct mail is I get no less than 3 letters every day of the week from investors wanting to buy my properties.

How have you all structured your cleanings and ensured that you have someone after every booking?

So, that's your first decision - suburbs vs City of Detroit.Suburbs are safer investment, city is riskier, but higher corresponding potential reward.Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...

Good afternoon BP Family,Today I sat down and decided that I had really done enough research on potential properties to jump in the deep end and stay afloat.

Lots of hauling/ clearing/ cleaning.

Much like hiring a moving company to clean out a closet.  

Rather make, say $120 nightly instead of $190, but only clean up after 4 max instead of 8-10.

Take a deep breath, and back out...and recover your $1500 on the next deal.How much cash do you have available to you right now?