Another thought - When purchasing HVACs, roofs, tree removal, siding, etc. you can very easily pay "retail" (just look for the biggest ad campaigns online) or you can save 30-50% by being your own GC and finding or going to the crews directly.

Cash flow may not be positive after accounting for other expenses like your annual property taxes, insurance, and mortgage payments if applicable.

Active Income: Profits from fix & flips are considered active income, subject to ordinary income tax rates, unless structured through a business entity.4.

I pay 5$ per rental I think this scales nicely.

This may benefit you to stay at least 2 years to benefit from the 2 of 5 tax benefit.As others have mentioned, in competitive markets many sellers are not interested in FHA offers, because of the stricter requirements.

You agree to pay an additional $200.00 lease violation fee each time we determine, at our sole discretion, that smoking has occurred in your rental unit, due as Additional Rent.

Nobody pays me to stay home and meet the cable guy or the appliance technician.

If you pay the same two points in your scenario, you can get into the low 6% range.

Is $250 psf around what you would expect to pay?

Mechanicals are in good shapeARV: $280k-$300k~$74kish left on the mortgage - 6.75% interest about $890 monthly payment / HOA ~$200 a month / Insurance $35 a month / Taxes $355 per month / Tenant pays Water, Gas Heat.