Be careful to let the PM knows u have intention to fire them.

I still own the asset, which has rental income potential, but I also have a substantial loan obligation to pay as well (one that potentially exceeds the true value of the house).The numbers you provided above seem to track closely with this property from your website, so I'll use that as an example of how to value this property: http://l.b5z.net/i/u/10177513/f/5413_Robinson_prop...Zillow (notorious for overvaluing rents and property values), says this house is worth $52k and has expected rents of $841/month.Rent: $841/monthTaxes: $2016/12 = $168Insurance: $500/year = $41/monthMaintenance: $30,000 over 10 years = $250/monthTotal Expenses: $459Net/Month = $382Net/Year = $4584On a purchase price of $41,000, you make $4584, or an 11% cap rate.

Brace yourself if you're in U City.As for STL City, I ask for a checklist from each inspector I work with, and they all have said the same thing.

How are u Austin?

ONe of my neighbors and this is in the 90s was a top CPA who charged 750 an hour 25 years ago.. you get what U pay for.50 to 100 an hour for any broker who is doing any business is simply a non starter..

flips are inventory and it goes to intent when you purchase.. even if U go over the one year threshold if the intent was to flip then its inventory and ordinary income.

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@Phillip Shafer  j Scott has a great book on rehabbing cost that u can buy through bigger pockets.

5 YRS OF MOWING FOR EXAMPLE, TAKE U TO COURT AND YOU COULD BE FORCED TO PAY FOR SERVICES RENDERED.

How did u get the 500k?