Purchase price and ARVs don't tell the whole picture; you need to figure out how much rehab each of them need first before you (or any of us) can tell if it's a deal.

Also you have to figure out how to give them enough info to know you are not scamming them and yet not give away enough information for them to find out for themselves how to get the full 29k without using you. 

Has anyone figured out which has the higher success rate? 

If you keep reading the forums, read books and listen to the podcast, you will figure it all out. 

Based on this, the 344/ day figure came in on the low end, and I concluded I didn't need plumbers checking leaks after all.So my suggestion is for you to check the number of people actually living in the property, including unauthorized tenants, and the average daily water usage.

Or figure out how to boost sales in your business such that your income is high enough even with all those optional deductions.What you may not do is opt not to declare expenses that are usual and ordinary in the course of your business and which you actually incurred and paid, such as advertising, supplies, labor, rent, etc. 

(Ours is lees than 2%)We figured with the time it takes us and what is considered acceptable charges/fees by management companies we could pay ourselves 200-300 bucks an hour. 

I figured this would be a good place to get some advice, insight and guidance from the professionals. 

While I have some sensibilities already in place from managing a property I won, I’ve been reading a ton about REI, reading many of the posts here and listing to the podcasts, honing my big picture understanding of the industry.Some “rule of thumb” figures keep coming up. “2% rent to value”, “15-20% cap rate” … I’ve been scouring the field nationally (calling brokers, meeting with agents, looking on MLS) and these figures seem close to sci-fi.

However, with our rental market being very tight (2% vacancy, give or take) we usually just add to the lease that lawn care and maintenance is the tenants responsibility and that they need to figure it out.