Rat holes look great on paper but you run into problems with spending more time (vacancy) finding good tenants, making sure the tenants pay (vacancy), and making sure they maintain the property AND notify you of a maintenance expense before it becomes a capex expense (maintenance/capex $). 

@Joseph Ziolkowski, yes, vacancy and cap ex are included, as well as maintenance, property management and property tax and insurance (but not Principal and Interest cost).Nobody can know for sure what its expenses will be in future, hence the ballpark "50% Rule", which can be fairly close in the case of middle-priced, middle-aged, middle-neighborhood type properties.

My guess is that assuming the quality of the list is maintained I will be mailing those initial houses and any new ones for a long time before the well is tapped. 

My guess is that assuming the quality of the list is maintained I will be mailing those initial houses and any new ones for a long time before the well is tapped.

The mkt in philly right now is overvalued or fairly valued so those gems are gone. 

I am fairly new to this, so I am having a hard time wading through who I can really trust will give me a decent deal.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

But what's a fair rate to offer?

Hi everyone,I'm fairly new to bigger pockets, I've listened to multiple podcast and read many discussions on different topics I'm interested in.

It’s not perfect but it seems to actually match up fairly well with the closed rentals my agent has sent - in terms of neighborhood etc.