It seems like this will hit the small player hard.

This one player has bought 138 houses in 2013 (96 on 2-7-2013) per county records.

Different tenant bases demand different things depending on what is customary for the areas and rent range for competing products.

Obviously with just a couple of rentals, your results can vary greatly from month to month.I would be happy to provide more information and introduce you to competent property managers.

In the stock market everyone is generally using the same information, and while there are market inefficiencies that create opportunities, there is little that gives small investors an edge over the big players (hedge funds, mutual funds, and private equity).In real estate, the big players are simply not interested in the $200k investment because it won't even move the needle for their massive funds...it's not worth their time.

AS wholesale prices have risen returns have gone down. as rehab cost remain basically a constant.So in my mind the turn key guys are all trying to compete marketing wise so if one of them says 10% but omits key components.. the other is just trying to match them.In addition operating cost of course are regionalized and depends deeply on tenant base.

Some will send you "coming soon" notices before properties hit the market and you can get a little of a head start on your analysis, but they will almost always end up on the MLS where you'll compete on the open market.The best way to find them is always going to be market specific.

As a contractor I know I'm wasting time when they want every decision quoted 3 different ways (because they can't clearly answer my questions)Real players know what they want specifically, know about how much it should cost already (due diligence), and don't bring me on site unless it passed the back of the envelope test.Real contractors will sniff you out quick and if you're over your head won't waste any more time giving you quotes.

Go to the Indiana Apartment association meetings to connect with players.

Final Recommendations Seek competent tax advice (if you haven't already) - You can't have a Wealth Strategy without a Tax Strategy.