Hi all ,I talked to a friend of my parents yesterday , who is long term investor .35 years ago he sold property in big city and bought a ton of places on small city Midwest , chasing cash flow .But now he regret , he wish he kept his property in big city because appreciation is crazy while his small town investment , even after paying off mortgage and after 30 years foxes etc still didn’t value much compare to 30 years.I just release might be we should not chasing the cash flow so much and buying to small Mideast Midwest towns.

Perhaps $2K or less if the contractor doesn't have to rip open walls or get into any tight spaces.So, if this were my project in a comparable area, this is what I'd budget:- $4K to replace furnace/condenser- $4K to replace all plumbing- $2K to replace all ductwork- Whatever the cost is to fix/replace the damaged sheetrock needed to get to the plumbing/ducts.If the Scope of Work is less, the cost should be as well...

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I would also look at what it would cost to do minor repairs to get you another 3-5 years, and compare that to what it would rent for.

This value is typically different from a property valuation or a comparative market analysis that a realtor would provide.

She bought the home several years ago under a traditional mortgage, but pays a ridiculously high mortgage every month compared to how much the house rents for.Put in a simple matter, she's fed up with the situation and has my immediate family (We live in the same town as the property, while she's living far) managing the house.

Seller might try to defend on the grounds of mutual mistake if neither of you were aware of the tax problems. 

Depends upon your partner on ground.

New roof, all new hvac systems. new windows.With turnkey, you are definitely paying top market value for the homes, and if you had your own boots on the ground doing the rehab and management you would be making ALOT bigger cashflow. 

That is just not the case and only makes sense strictly when compared to residential loan terms (longer amortization and low, fixed rates).