Vacancy rate, insurances taxes, interest rate, repairs and maintenance.

Since the repairs were two owners ago, I would think the town may be a little more lenient with you.With the new kitchen and bathroom, were they existing and just got renovated or were they added on?

Lowering your standards invites expensive evictions and repairs. 

Self-managed but outsourcing repairs and maintenance 8%, self-managed DIY repairs and maintenance 10%.

I would say that the value he brings is finding the deals, doing an initial diligence, having a local team set up for renovations/repairs/property management as well as knowledge of the neighborhood.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

Servicing tasks can be outsourced to administrative assistance and new agents.If you have trouble with time management make this a daily habit.

@Chris Seveney I'm concerned about having $$$ for repairs when needed.

Allowing the team to assist in some of my "Busy" work, so I can handle more productive tasks. 3.)

If you're planning an open house at a vacant listing, know that you've just let the general public know that it is just that - vacant.Better safe than evicting/repairing...