Not a great cap rate, or cash on cash return.Depends on your goals, though - plenty of people out there are happy to park cash at a 5% return in a relatively safe property if it's turnkey.

If something absolutely must be done immediately, do the minimum to make it safe and functional and then remodel once it's vacant.What you are possibly missing is the potential for problems in this situation:Jobs always take longer than planned, sometimes much longer.Fixing one problem often uncovers others which must now be addressed.

Great job growing quickly with super low cost properties.Just don’t forget that there will be bumps along the way, especially when dealing with lower income housing. 

Most other brokerages I spoke with had additional recurring fees on top of the above minimum costs.As far as commission splits I'm not sure what I can publicly share so I'll play it safe and just say that its similar to what KW offered but without the recurring fees and can be negotiable and go up over time.

Too many people believe the hype of get-rich-quick gurus trying to sell you a book or a seminar.

I'm a property manager and I bend over backwards to get a new listing on the market quickly.

It would be a quick flip or a buy and hold at about 25% ROI.

A dog and a 2nd person are pretty minor, but little lease violations can quickly turn into major problems if your tenant learns he can do as he pleases.

My original plan was to rehab and flip the property, but as I approached my close date, it was apparent to me that I could just close and turnaround and quickly sell for a profit. 

@Debora Monteiro, the tax code can get confusing quickly - especially if the property was owner-occupied for any portion of time.