I can't justify paying you $1,000 for telling me about someone else's deal but I am willing to _____ (whatever you are actually willing to do), I'd like to buy more deals from you in the future, directly or indirectly, let's discuss a flat referral fee going forward.

If your scenario is as simple as you outlined, save your receipts so that you can verify/justify the future Business Start Up costs.  

I think it's going to be hard to justify holding onto that property long term, since your Return on Equity is so bad, @Eric Imhof.

Generally these benefits are small when starting out, because your business needs to justify the expense.

Mitch, thank you for asking.I am not well-versed in the current rates, but I would want it to be low enough to justify double closing for a profit over 10k.

I am not able to get enough over market rent to have justified purchasing the solar system. 

Understand what the rehab really needs, and if the market doesn't justify putting in highend finishings and amenities then don't.

How can I justify that amount?

My ideal house is a 1200-1300 square foot brick 3/2/2 in a decent area.(2) Sub $130K ARV (much higher and rents start to taper off relative to value)(3) Newer houses are superior to old ones (and will justify a higher price) as long as there is not a lot building going on nearby that will suppress home prices(4) The result when I'm done fixing the home is that it has to be fully renovated and updated (no deferred maintenance or cap ex for the next five years)(5) I assume 1 month vacancy per month.  

I don't think I can justify much more than the Appfolio charge but want to explore the options before deciding.