Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Percentages and timelines will help investors alot to have realistic expectations.Some other thoughts as I'm working on this.....Management Fees: Note the percentage of collected Rents.Placement Fees: Note the placement Fee.Finds Tenants Quickly: Note weeks property is fully repaired and vacant until occupied.Occupancy Rate: Total units under managemet x 12 (We'll call this O).

Hopefully someone will have some more precise information than I, but I like to toss out ideas; you know, provide some diversity in perspective. 

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Yes it is - Redfin pulls listings from MLS and other sources and the filters in redfin are excellent for precise comping (proximity to house, sq footage...etc)

@Stephen Johnson , awesome post Stephen.On the property sold by one of the wholesalers for me, I asked him the same thing: do not mark up the property - precisely for the reason you mentioned.I like your calling the cash buyers in the area approach even though I have not implemented that in my business as much as I should.Lastly, I agree with you: bandit signs work very well.

I cannot imagine doing one without an attorney that specializes in Private placements. 

Do you still use a part-time person to at least do the tenant placement and showings?

Hey guys,I am looking to invest in SoCal, more precisely in Orange County, in the next few months.

@MarkPedroza - Precisely.