At the end of each month or the agreed upon time frame, the co-host typically bills the owner for expenses incurred (cleaning, maintenance, etc.) and the agreed upon fee (i.e. 15% of revenue).

Hi @Hannah Spanke,If you're interested in investing in San Diego, having a local team in place can be one of the most imporant factors in making sure your rental property is profitable.Having worked with @steverozenberg, Bigger Pockets contributor, professional real estate investor, and Head of Investment Education at Mynd Management, I've learned that not having a local team can be one of the biggest drains on investors return on investment.

Biggest obstacle was a major termite infestation (which we knew about going in) that had to be dealt with.

If your numbers are accurate you should make almost 40k after paying your realtor :)Here are the numbers to back up my argument that this is not a good rental: Mortgage Rate 3.00% Length of Mortgage in years 30 Monthly Mortgage payment $420.55 Taxes $ 133.33 Sewer and Water $ 125.00 Trash $ - Heat/Utilities $ - HOA/Legal $ - Cap Ex and Ops $ 250.00 Insurance $ 100.00 Mgmt Fee $ 110.00 Vacancy $ 91.30 Total Expenses $1,230.18 Unit 1 $ 1,100.00 Unit 2 $ - Unit 3 $ - Unit 4 $ - Unit 5 $ - Unit 6 $ - Total Revenue $ 1,100.00 Cashflow/month $ (130.18) Cashflow/year $ (1,562.20) Cash on Cash Return -4.03%

My biggest question is how do you typically get a sense of the ARV for BRRRR when predicting how much all-in to calculate the proper LTV?

(IN HIS MARKET) monthly gross revenues x 7 x 12 months in a year = purchase price.  

@Monica Labrada, If you're interested in investing in multifamily in the greater Tampa area, having a local team in place can be one of the most important factors in making sure your rental property is profitable.Having worked with @steverozenberg, Bigger Pockets contributor, professional real estate investor, and Head of Investment Education at Mynd Management, I've learned that not having a local team can be one of the biggest drains on investors return on investment.

I think the best way to continue valuation is to add revenue and expenses from the house as if it were a rental and then add in all expenses, that way you get a full P&L picture and it negates the weird game the seller's trying to play with the expenses.

The biggest concern is make sure that they do not continue to pay or not pay the rent according to their wishes and abide by the terms of the lease. 

The biggest concern is make sure that they do not continue to pay or not pay the rent according to their wishes and abide by the terms of the lease.