If the manager can't keep the lights on, the assets and investments will suffer.Some fund structures allow for debt and some do not.

And I suspect that the 4K number might be a bit low depending on square footage and energy efficiency.

You have to know what shingles costs, and toilets, light fixtures, faucets, flooring, paint, etc... all the way down to nails.

I appreciate your details.Your obviously light years ahead of me and you mention looking for and finding deals as the most time consuming activity.

I want to flip houses with an emphasis on energy efficiency and green, healthy improvements.

You have an interesting point though, regarding improvements in overall energy efficiency.

Can you shed a little light on that one?

If they have concerns regarding that, they should contact the former owner (tread lightly, this may become sticky).

Purchase Price: $287,000Rehab: $17,000Loan: 15% Down Owner Occupied Conventional Loan, 5% Interest Rate 30 Year Fixed.Current Rent Roll: $1750 (Owner Occupied) $3500 upon moveVacancy/Maintenance/Management: 5% for each (but I do self manage) * Rehab included new kitchens (cabinets, hardware, appliances), paint, concrete pad in the back, new bathroom fixtures, light fixtures & outlets swapped

Competition is good comparison is not worth the energy.