Additionally, have you considered closing costs, repairs, maintenance, taxes and utilities?

This is definatly not something a home owner would do themselves unless they are in the industry themselves and experienced.

If one is already past the wealth expansion stage and the marginal utility of the next dollar is not worth the effort it takes to keep ROE up.. more power to them. 

Thank you for your service and I look forward to utilizing your expertise!

Stabilized is usually when all repairs are done and it is almost full minus market vacancy averages.8925 X 12 =107,100 a yearIn fully stabilized older buildings operating costs ( vacancy, management, ongoing repairs, taxes, insurance,etc.) tend to be close to 50% if tenant pays utilities.

I’m looking to expand my rental portfolio by utilizing the brrrr strategy.

What I look for are first number units also if the Utilities are separated.

Feel free to PM me with any questions.One strategy I used to find a Property Manager that really met my needs is to utilize a different PM with each new property as I acquired it. 

I would give her only a few days (other landlords can weigh in with Best Practice) to move out, clean, sign-off on ending lease mutually, only pay after inspection of property (and utilities, apparently, if you think she's breaking them) is complete and satisfactory.

I have even seen people short numbers for utilities in the MLS listing.