At Spartan, we charge a flat property management fee equal to 9% of the annual rental income (lower than many leading TK companies), as well as a leasing fee equal to one month of rent for each new tenant.

I would have to purchased something of equal value or higher to do that.

I tell them to just make a donation to their favorite charity equal to what their mortgage deduction would have been.

You came to the right place to expand your knowledge and Network... you know they say your Network equals your Networth.Let me know if you are looking for any new properties to invest in.

Price does not equal Cost.

Yes, it is possible ... is a train wreck equally or higher probability?

A simple fact is that the higher the value of the property the higher profit a flipper or wholesaler can expect all things being equal.  

For questions 2 and 3, quality has to be valued equally with profit.

In Richmond, figure the land parcel roughly equals 10-15% of the ultimate home sale price.  

I'm out of pocket $5k in assessments for the last 4 years and there is one for a roof repair that will equal another $2400.