Or PM pays half repairs for 5% equity in the LLC?

On my end - I've heard that some of the easiest (and potentially cheapest) tricks could be:- applying a fresh coat of paint on the exterior / interior living room spaces of the home- refurnishing doors / door knobs - updating the lighting of bathrooms or kitchen area light fixtures- bathroom refurbishment- curb appeal / clearing out excess weeds/trees/shrubbery.I've also heard of situations where the home owner would either offer to build, or provide a backyard shed for the tenant as additional storage space, charging an extra $100-$150 per month if the tenant wanted to use it. 

I agree with @Pete Harper; I live in half of my duplex here in Killeen, which is a 2:1.5 that was previously rented out for around the $650-675 range when I first bought it.

After year five, more than half of you sales will come from previous clients/relations you've had.Hope it helps!

The easiest way to underwrite the number for me is by looking on the short term rental platforms(airbnb/vrbo) as a potential guest and review the host's schedule/previous month reviews for occupancy and average nightly rate.

I have seen commercial realesate in the city has been cut in half.

For Austin, here are some metrics to digest:2019 New Construction Homes (a one-year record): 18,095 (Statesman article)2019 Multi-Family New Construction Units (doors): 11,000 (from multi-family broker colleague)2018-19 Population Growth (metro area): 61,586 (Austin Business Journal)Property developers, both SFH and multi-family, are only building approximately 30,000 doors per year, which is less than half our annual population growth over a 12-month period.

They rarely cost that much, they're usually half that, but if the property needs windows and exterior doors, it can get expensive.

Do your DILIGENCE and use their "urgency" as a negotiating lever- If the seller requests to move-out after the closing date, be sure to hold half of their profits with the closing attorney to ensure they move out on the agreed upon date- Visit the home frequently.

If he's the alleged problem person, it seems easiest to have him just leave voluntarily.