SLC is pretty hot and I am not seeing that great of numbers.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

*HOAs usually cover lawn care, sprinklers, lawn watering, siding and exterior care, insurance, and more                *This covers most of the exterior line items that you would otherwise have to address in a single family home.

I suppose the answer according to this philosophy is to sell the house in order to pay off the new one faster.This just seems like a unique opportunity considering we already have the house and it has appreciated so much in a hot rental area.

If you are leveraging the property, and the cash "in" is the DP (20%), then a property with only a 10% CoCR is a terrible deal.Since the CoCR is based on CASH, and most likely the income side is the cash flow, that cash flow should be the same for the next few years. 

I run a mobile home-buy/sell for payments business on the side so I am familiar with purchase/closing docs and have a rehab team that is strong and dependable.

On the downside risk side of things I'd try to ensure that nothing substantial has changed with regards to consumer metrics and preferences. 

Do you want to be a full time flipper or do you want to do more on the developer side or something else.

What is the market rent for the side you aren't living in?

What I am doing is daily trying to learn my market (Salt Lake City) by running numbers on deals that I see daily from MLS hot sheets that my realtor has set up for me.