I'm fairly new to flipping. 

The future is fairly unpredictable, so be careful. 

There are 2 bed 1 bath units, the units have large living room with fire places (not working) and there are also large dining rooms and fairly spacious kitchens.

But Randy Richter is an excellent realtor who has helped us purchase our rental houses in Cedar Rapids.The rental inspections are fairly thorough, but not unreasonably picky in my experience.

So to be fair, I’m not sure how much some of it would cost.

I give them a safe, comfortable home that lives up to the advertisement and treat them honestly and fairly.

The school district is excellent and the rental comps are fair on par with comps in the area as pulled from my realtor. 

The listing and marketing is fairly straightforward and they include ways in which you can directly divert fees, cleaning fee, directly to the contractors responsible for those operations. 

Take out 40% for expenses and vacancy (to be fair, expenses would likely be higher since you will be an out of town owner) and you arrive at an NOI of roughly $55k. 

Made a fair amount of tax free money that we rolled into a seven unit apartment building.Lessons learned?