With a purchase price of $220,000 and minimal renovation costs of $1,500, the property promised a substantial return with a sale price of $245,000.

It cost 200 per year for a million dollars coverage above and beyond your regular insurance.

There are a few Categories that I have broken into their own calculations considering there may be cost savings depending on strategy employed.

Requesting Buyer to assist on Closing CostsWe requested the seller to offer cash towards our closing costs.

Florida will continue to suffer from much lower affordability due to increased insurance costs and taxes. 

Basically two ways to get cash from equity in an investment property without selling it - cashout refinance the current mortgage into a new loan, or get a second position lien (2nd mortgage or equity line of credit) to stack behind the first position and pull out the equity. 2nd liens are hard to get on investment properties right now, but they're out there.

What’s the typical cost for a dumpster?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

This should draw further capital and also people looking to relocate for the cost of living. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!