Decrease expenses.

Over the last year and half they been sporadic with answering emails/calls and not on time with their scheduled owner payments and not getting monthly statements that show funds collected/expenses paid.

You'd pull 10% of THAT to cover your expenses, and your account would keep growing..Look at your opportunity cost / alternative investments...

You have to be careful with trusting the seller's expenses as it is RARE that they list all of the expenses.

Travel Expenses: If you travel to your rental property for maintenance or management, those expenses may be deductible.4.

I like the 5% conventional over fha because you can drop pmi once you have 20% equity without refinancing and the appraisal inspection requirements on condition are less strict. 

@Jason Strauss in our experience, the Top 3 issues owners have with PMCs:1) Communication expectations not met2) Expenses expectations not met3) Task expectations not metSee a pattern?

There are some VERY specialized strategies that can get around the problem, but they require buying out the former owner or one of the heirs. 

Your gain on the rental property will beSales price less sales expenses less adjusted basis.Adjusted basis is purchase price plus improvements less accumulated depreciation.Best of luck.

It says "Profit = sales price - purchase price - expenses"  Even on the levered fix-and-flip deal example it gives the full purchase price.