On average, what's an appropriate/ professional amount to put down on a contract?

Come this time we were set that we were going to sell come summer time as the market was still hot and we really didn't want an investment property on the side of a hill on septic that needed about $25k-$50k in work to be top notch.Around March I started marketing by word of mouth, Craigslist and some other places on the internet, we were not going to use an agent as I knew homes were flying off the market if appropriately priced.

Perform cosmetic repairs(paint, fixtures, or cleaning),  Hire the appropriate repairman based on recommendations from property management company, turn the property over to property management company, oversee applicant process and tenant placement,  maintain property until my cap drops below 5% then exit.Exit strategies, Backup Plans – Unless capital would be used to purchase further properties, use seller financing to sell the property and maintain an additional(unmanaged) long term ROI.Team & Systems – Realtor/broker to do initial screening and for acquiring properties. 

Also, be responsive, provide a high quality of service and make sure to charge an appropriate rental rate to make this all worth while.Your product is housing, your customers are your tenants.

If you are willing to let me know what percentage of ARV you are willing to pay then it would make it much easier for me to send you the appropriate deals that would work for you and we can both make some money.

If it is something that is really more appropriate for your manager you can politely inform them to contact your manager

Personally I would send at least 500 mailers out but if your list is a very specific set of criteria then I suppose a more targeted-smaller list could be appropriate.  

In regards to your personal liability, you would need to make sure you have an appropriate dwelling policy for the condo, that is rated for rental use.

One thing to keep in mind is that a lot of CPAs charge by the form and the little amount of deductions books would accumulate (if you can deduct them in your scenario) would easily be offset and may actually cost you money to file if you do not have another reason for the appropriate form.

-next i would look for the foundations/charities involved locally in re-habilitation of said high-risk group. they will know what they need for success/long term. also the local demand...