If you want to recover all your up-front cash or want a substantially higher return, you're going to have to work for it, probably involving some rehab.

I know that banks want to see reported taxable income and I don’t want to cause any red flags or have IRS get involved.

I'm hoping to regain momentum by getting more involved here on the forums and attending local meetups to see what other investors are doing around me. 

But I think as long as it’s clean and livable, it’s a go.

There is work involved to get it to a habitable condition.What price should I start with to offer the bank?

For example one client had roughly $17,000 in receipts over 7 months but because of the time and being let down by here cleaning company she decided to rent for the remainder of the year at $1,500/mo. 

Hi Everyone!I've taken a jump and become a realtor in my journey to be a real estate investor. My wife an I currently live in between Mount Vernon and Bellingham. My wife makes a heck of a commute to downtown Seattle ...

It is important to be able to analyze the trailing 12 month financial statement of a property and take a deeper look at the loss to lease by examining the rent roll.Ideally, you are lucky enough to have an excel version of the rent roll provided to you by the broker or the owner you are interacting with on your potential acquisition (or.. if you or someone you know is developing a character recognition software that is able to read a PDF version of a rent roll and convert it to a nice, clean excel version please let me know!).

Any agent who gets involved in this is a dumbass..An agent, who belonged to one of the MLS I do, was offering this type of arrangement up to investors on BP. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.