Cash-on-cash returns are what remain after vacancy costs, mortgage, and expenses.

Who knows if that is true or urban ledgend.HUD (Housing and Urban Development) the people who bring you the lending industry, seem to think it's okay.It's line 503 on your closing statementClick to enlargeYou can click on my website link below and see a whole slew of Subject Tos we've done I'd be happy to answer any questions  With respect, there is a difference between having an available line on the settlement statement versus approval of any action.   

And most tenants will not hire a pro painter, but just do it themselves.....Not priming over old trim, sloppy paint, drips, etc...will just cost you much more to fix when they move out.Using a Licensed or professional painter that they pay for would be a different matter, then I wouldn't mind.

Corporate travel, divorce, etc. are other potential tenants.If costs in your market allow, I would encourage a duplex purchase vs SF...potentially 2 income streams vs 1 would help offset the extra cost of a duplex.  

Plus there would be closing costs again.We are open minded about solutions. 

Usually after walking through the property he is able to give me a good ball park figure of what the renovation should cost barring unforeseen issues.

I wanted to seek some advice and opinions from this community before making a decision.Do you think the management fee and the additional services provided justify the cost?

So they take a 4 bedroom house and make it a 6 or 7 bedroom, which will cost you money to do initially.  

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

With cash you canmake higher margins per deal because you have less holding costs.