I was that guy working 20-30 hrs / wk in high school, taking the advanced courses, playing sports, worked in college, 40 hr weeks over the summer, sold stickers and tee shirts as a side hustle, etc. 

Read your agreement.If the management company performed the work to turn over the unit and it was due to damage from the tenant, I would imagine they can't just hand you a check and swallow that cost.

Being said, you MUST perform a thorough screening background check equally and fair on ALL applicants the EXACT same way to avoid being accused of discrimination.  

I see a lot of potential deals, but I don’t want to get them under contract if I can’t perform and find a buyer.

It's not guaranteed they will always have what you are looking for but once they come across something, particularly off market, you can make it where you are the first one they will call especially if you show them you can perform on the close.When I first got started in brokerage, I found out which investors were the serious buyers quickly after sending great deals and they would snatch it up right away.

We are a major destination for sporting events (Phoenix Open, Spring Training Baseball, as well as NFL/NBA/NHL), lifestyle and events (Barrett-Jackson Auto Auction), shopping, dining...you name it.

If you have just one or two properties and something goes wrong ie. vacancy, HVAC replacement etc, you'll feel the pinch a lot more than you would if you have other properties in your portfolio offsetting an under performing one.

I perform this analysis for my clients all the time.From a high level, the yield maintenance calculation is ((Present Value of Remaining Payments + Present Value of Balloon Payment) - Principal Payoff Balance).

I really want to know how to analyze a market or neighbourhood in which I'm investing, I'v talked with a lot of people about how to analyze a housing market but I still didn't really understand so I thought this place...

I really want to know how to analyze a market or neighbourhood in which I'm investing, I'v talked with a lot of people about how to analyze a housing market but I still didn't really understand so I thought this place...