Now, I don’t want the renovate/buy a property without a budget for a property manager.

However, in most circumstances you would want to have at least 91-95%+ PO at all times unless you are performing some moderate-to-heavy interior renovations.

But we also raise renovation budget before closing on the deal and aggressively renovate interior and exteriors.

I mean if he raised it $100, even if 4 tenants left and those units never got rented again the remaining plus still have a larger cash flow. 

My tenants moved out at end of August and now I’m deciding on turnover and rent again or renovate and sell.

Real Estate prices typically follow 1 -2 years behind oil and gas activity, so hopefully we'll see prices climbing again in a year or two.Our plan is to pick up as many cashflowing properties as we can while the market is down and soft, then re-fi when it improves and recycle the capital into more projects or possibly down into the states on larger deals.

And then figured out the hard money lending for renovations after? 

But the property is recently renovated and at $380k is it worth the investment?

The support has been great and they seem to be planning enhancements to make it better for larger portfolios.  

I have many clients who are utilizing credit lines on the coast and other markets and coming to my market and buying and renovating dogs etc.