I've done the math over and over, they are getting 13%-20% in most cases with all the fees they pickup off you, or the tenants.Another option is to use something like Appfolio, and a call center (they offer this as well), then enforce online payments, and using the call center for all repair request.

David,I am still in the early stages of panning as well and I'll tell you for me writing a business plan and sharing it as I go with people around me is helping me gain some confidence.

Its not really meant to be a function of a profit center but more as a by product of operating the business. 

Without getting too specific, my mom died unexpectedly, another family member contracted emphysema, another succombed to alcoholism, another was diagnosed with stage 4 cancer and fought 2 years with chemo before passing away, another had 6 heart attacks in one summer and a stroke the next year . . .

The 5 flips I have done have been successful because of this and it is not worth the finacial risk to do a deal if the numbers don't work.We are waiting to hear on a short sale approval this week and I am anxious to see if and when this "shadow inventory" starts hitting the market.I have found I love rehabbing and staging, but it is also a life balancing act.

But once it gets past that stage, and the property becomes owned by new ownership (whether REO or privately held owner) - I can't see why that defaulted borrower is owed anything further at that point.

They also have a online video library and study center called classmadeeasy.com  where you can study for your state exam for free. 

The finish is so nice...and the photos and staging really make it shine. 

Yield has to go up substantially.For example if I can get 15% annual return with a 25% down payment owning a strip center with national tenants then for owning a laundromat or say a restaurant I expect my yield to be in the 20's or more.If it's not it doesn't make sense to work harder getting the same yield I have for being passive.

@Joe Dunbar  yes and they all sold in framing stage... got in got out got paid !!!