The point was simply to develop a useful metric that is close enough to plug in for assessing the deal.

We have been talking to PM companies in these 2 cities and I couldn't find much of a review on the following 2 companies, yet they are associated with companies providing turn key properties for out of state investors.

I'm sure prices have changed quite a bit, but I know a Phase 1 was fairly inexpensive because it's just a basic review to see if they need to dig further...anywhere from $1,000 to $3,000. 

This seems logical if you look at a few years, but after >= 10 years, it seems wrong to ignore the effect of appreciation.Some areas exhibit more growth then others, so it seems there should be a more complete metric.A real-estate investment professional has showed me (among other things) the metric which was named "Cash on cash with equity build-up".

They will write policies for vacant homes (sometimes an issue for insurance) and they will review you rates upon request. 

Of course these agreements should first be reviewed by your investor friendly attorney.I am also forming my company, building a marketing machine, and will hit the street shortly. 

Josh Dorkin and Brandon Turner - I promise I will submit a review on iTunes soon!

They have their own metrics for what % of market rent they'll use as cashflow/expenses.

There are good reviews and sometimes you can find a good deal!

The day of the seminar I got a gut feeling to check this guy out and found some reviews that said I could get all the info these guys would want you to pay for at a site call BiggerPockets.com.