When I will in a unit I instantly know how much it will take to get that unit rent ready.This is key as rehab could be from 1,000 to 15,000 per unit depending on various factors.

More details to come after our meeting Saturday morning, however seeing the basement and the 1 unit made me a little uneasy as there seems to be a lot of work to be done to get things "right".

From RealPage 10-K page 14, they say "The principal competitive factors in our industry include total cost of ownership, level of integration with property management systems, ease of implementation, product functionality and scope, performance, security, scalability and reliability of service, brand and reputation, sales and marketing capabilities and financial resources of the provider.

However, we didn't factor in closing costs, delays and commissions.If we had sold for 95, after everything was said and done we probably wouldn't have even broken even.However, once we were finished with the job, we realized it was such a beauty that we listed it for 130.

Underwriting the deal, the timing in the market, financials, costs, credit, property issues and other factors simply can't be put out there to the public.

@Steve Babiak @Jon Holdman @Steven Hamilton II ....Guys I have a couple: 1--Does the depreciation for a given year factor in the date when you made the purchase?

Actually more like 170k-180k tops minus, minus due to the factors previously described.It is definitely a solid rental market.

The $5 cash flow from 1,000 miles away would be strong factors in my decision.

Good Morning All,I want to figure out how can I get access to the MLS in Simi Valley or LA county.

How do you factor the cost of things like this into your calculations?