assumption-now you have someone on hold to purchase and for turning the note you make 4k?

Do your assumptions still hold?  

Also, lets say is 20k or something absurdly low, it could still need 130k in repairs possibly so dont make assumptions.

I know there are some assumptions in this and it might not be as bad as it looks initially, but I don't think I am that far off for this to look good.I wouldn't worry about commissions, be sure you check your numbers and the area comps.  

This is based on my assumption that you are new and not soing a large number of deals. 

Assumption is it'll average out with few months of nothing then between summer/winter site visit.

Please help me validate the numbers and assumptions I am making: Property Management: 10%Maintenance: 5%Vacancy: 5%Move-out: 500 per year a tenant staysCap-ex: $250 per monthHoA, PITI: actuals (provided by company)Now, if I buy in regular turnkey towns where rent is ~$1K, then first 1-3 and 5 is 45% of rent. 1-4 are coming from the turnkey provider, I have seen higher number recommended for Maintenance and Vacancy on BP.

This was my assumption, so my numbers drive off of GOI.  

Worcester areas are seriously street by street, Tatnuck area is nice but if you are looking near colleges- Assumption WPI Highland area is nice as well 

I certainly agree that one should tread with caution, just wanted to offer a slightly different perspective on the matter.I've kept an eye on the University market and it 'seems' like I've seen more property being placed on the market there than recent years... and my 'assumptions' have been that its related to OSU's housing market grab.