Even if there is little equity, if the homeowner hasn't run up a ridiculous reinstatement fee with the lender, there is usually a great Cash-on-Cash return.

I also really like page 2 box C, "services you can shop for," because now I'm not expected to justify fees that I have literally zero control over. 

Now is not the time to save the fee of a CPA.

She quickly found us another home which we fell in love with although it was above our price range.The deal was made and we got into our $150,000 house (plus the VA funding fee) with only $2,500 in closing costs.

I don't focus on residential or TK but when looking at those properties and areas look at various companies  and compare and contrast risk versus benefit.In those bad areas to find a good property manager you might have to pay 10 to 12% or more management fee as the tenant is more intensive and more difficult to protect the income stream.

@Akiewole Williams I think its many factors why.

Looks like a vacancy factor and capex thrown in would wipe out any cash flow.  

There are other opportunities with the Guru-Seminars who will pay you a (bird-dog fee) if you find them a legitimate opportunity. 

My first lease which was drafted by a lawyer here in Maine, had a late fee after the 6th of the month.

I had to extend the analysis over 10 years for Frank Gallinelli's methodology since first year has a higher cash flow as capital costs are zero (since rehab is factored into the loan) but is a 6% of annual rent year over year.