You can use their reported expense as a starting point when you run your numbers, but I tend to increase it somewhat, assuming my insurance will cost more (longtime owners tend to be under-insured which lowers their cost but you won't do that).Repairs & Maintenance:  There is a ton of manipulation that can happen here and there's not much you can do to verify the seller's figures. 

I found with small owners, they tend to lack a lot of this documentation.

Because pet-friendly rentals are hard to find, renters tend to pay more for them and stay longer.

I have found auctions to be very difficult because first you have to purchase the properties for all cash and also they tend to change the auction dates all the time.Also - auctions tend to have a lot of fees and if you’re thinking of flipping the homes many of times the auction homes do not come with clear title.

If anything I tend to over estimate and then I know that can blow my numbers out of the water depending on the deal.

They tend to have lower fees and interest than an HML but they require more documentation, more time to close, and most of the time a higher down payment (between 15% and 20%).

As long as the PM has crossed all the T's and dotted all the I's an eviction should go pretty smoothly (assuming a landlord friendly state).I would ask the PM how often they have to go through the eviction process (if it seems like a lot then it may be best to find a different PM) and how much it tends to cost.

Sometimes the things that you work for tend to have more value.

Some good states for asset protection tend to be Wyoming, Delaware, Nevada, Texas.

In general, debt reduction isn't as bad for us as many tend to think here on BP.Instead of buying more tenants and toilets I took some cash and reduced monthly payments by about $3300 last year.