I say that because you already have 15K to put down, if you flip your current and sell if for the suggested price you given, you stand to make a 50-100K in profit (excluding taxes, fees and commissions of course).

Arv x .65(or.70) - rehab cost - assignment fee.

If guilty, you will be ordered to pay damages, and the maximum first offense penalty is $16,000 plus attorney's fees and court costs.

You are missing lawn care, pest control, replacement reserve, admin fees and Management costs. 

It will just take more time to sift through it all and find the gold that will pertain to you and the area you are in.2) will charge a small fee but will take a % of your deals.

I believe north Las Vegas is currently the only city that will let you run an Airbnb with the only restriction being fees/taxes/licenses.

Here are how the basic deal looks: Home Depot $ 16,000.00 Credit Card $ 12,000.00 Purchase $ 57,000.00 Rehab Labor $ 22,000.00 Contractor Fee $ 5,000.00 Carry Costs $ 5,200.00 Refi Closing Costs $ 2,000.00 Total $ 119,200.00   The house got appraised at $140K so the bank lent me $105.

The city building official said the city inspects for code compliance but not bad design -- hardly reassuring in light of the municipal fees that drive up home costs everywhere.

There's other options for us such as staying where we're at for another year after selling the rental; we'd be mortgage free, AND I'd be able to test the waters in an out of state rental market as I'd still be able to buy the first unit/home cash (we'll clear about $150k on the sale of our rental after paying off the note and other fees).  

So even if it’s legal to use it as a termination fee, you still have to write a letter stating such.