Explanation of IncomeTrue Rent = $1350/monthRepayment for utilities/internet = $450/monthTotal Monthly Income = $1800Explanation of ExpensesPITI = $1095/month (recent increase from $987 due to tax increase from property assessment)Utilities/Internet = $410/month approximateMisc Expenses = $50/month approximateTotal Expenses = $1555Now, obviously a cash flow of roughly $245/month is not investment gold, but it has served its purpose well for it being an accidental house hack.

(Think California gold rush)In 1982 the oil field went bust.

Then you can actually see what you are working with and get  sense of what it will look like when it's completed.Also, take the house Subject To, (take over the loan) give the seller some equity $$$, and if it needs $80,000 of reno on a $145,000 ARV, tell whoever told you that you want him to redo the estimate without the solid gold toilet.

prices are still a bit high. everyone thinks they have gold.

Utilities can be higher (Houston water jumped 10% and they plan on continuing to go up)Tertiary markets can be a gold mine, just need to know that you have a strong tenant base/demographic.

Work + learning + experience = gold! 

What costs are not listed here that you've found to be vital? 

With a focus on proactive maintenance and clear communication, property managers play a vital role in preserving the value of properties and creating a positive experience for both landlords and tenants.

This system establishes consistency and structure, keeping everyone aligned with the company's goals.Holding team members accountable for their actions is vital to achieving success.

Aa good, honest and reliable wholesaler is like a gold mine and they are out there.