We are in both of those markets for fix and flips & buy and holds.

these issues are easily fixed by just putting more cash into them up front so your not having to feed them at the back end.. or better yet pay cash for them.  

First tenant was on a fixed income as a retiree, so I was hesitant to increase the rent after the first lease period.

Sharma, From my perspective I prefer to run my own fix and flips.

Well, unless we want to go at it from the legal end, which wouldn't be worth it in our case...If the wardrobe (think cheapo ikea) is fixed to the wall, the appraisers we have used consider that "Builtin" YMMV

if you need a spread sheet model  message me will send you the one my group use.Luis Maqueira Miami Multifamily Partners

Are you looking to do fix/flip or BRRRR?

I have a confession: my only duplex, which I gave owned now for 2 years and recently moved out of from a house hack, has proven to cost me more to maintain/pay taxes/repair/fix etc to the point where my cash flow is close to zero.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

My goal is fix and flip but I need to raise capital for the initial investment.