I also made the following assumptions in the model: Rent schedule: $500/unit = 2000/month = 24000/year Vacancy: 8.33% (1 month in 12) => Gross Revenue: 1833/month (22000/year) Opportunity cost of capital: 8% CapEx & Maintenance: 10% PM: 7% Property Tax: 2000 {David has indicated 1500) Total Operating expenses: 50% of Gross (916/month, 10995/year) Down Payment: 20% Mortgage: 6.5% 15-year Debt Service: $658/mth (7900/year) CFBT: ~3K

If its a kitchen tell the contractor the make and model of the cabinets .

We need a better model for landlords who want to delegate property management and not get ripped off in a continuous cycle of getting bad tenants put into out properties, they leave, there's damage, the PM uses THEIR contractors at inflated prices, the landlord gets yet another fee for placing yet another weak renter...I hope this breaks out into a good discussion about PM's and their contracts and who gives the landlord a lower total cost solution.

Each designated broker seems to have a different definition of supervision.A question, I do want to list properties full time as an agent and a local office seems to fit well with this model.

you can also visit model homes and see what is the latest paint colors for your area.

Hey BP,I wanted to get your thoughts on a business model that both buys and lists properties for motivated homeowners.

It is called you brain.No automated model will match a careful analysis of the data by a real human.

In this business you have to have all the right pieces and a business model.

Roy, i like the fact that your business model is to achieve a safe, healthy and efficient home.

Many of us including myself talk about our strategies, styles, niches and business model on our website.