Also, you are banking on being able to raise the rent.I would say that this is absolute best case scenario, bordering on unrealistic.

Or maybe with the popularity of HGTV and other shows, people have unrealistic perspectives on the depth of what rehab work requires.

I see a lot of posts and hear on podcasts from people who did live through it as investors and they clearly learned a lesson they will never forget and consequently they are successful today.

Shop around, you should be able to find something for around $600-800/year based on my experienceManagement at 6%: this is unrealistic.

I've learned from some very successful investors and after trying different methods I've had great success getting huge discounts telling motivated sellers that I have the money already at title and can close as fast as title can move.  

How you title this deal might have everything to do with your over all success in refinancing in a timely matter.

Hello,I have a question for people that successfully flipped many homes.

Nothing is more important than the property management for the long term success of your rental.

I hope to be successful at both.

I wish you much success as you start building your REI portfolio.