From that report you can decide what will be included in the Rehab and what will be covered by your CapEx reserves.  

I do inspections semiannually.In my relatively short tenure as a landlord, tenants that are "up to no good" have both (a) paid rent like clockwork and (b) been unresponsive to any communication.In addition, my lease has the following provision:  (o) You shall keep us informed of your current contact information at all times, including phone numbers, emails, and emergency contacts.

Not including your standard overhead costs like software and systems etc.

Here lately I have noticed that my deals go to local buyers and I would like to build a network to include more Out of State Investors without having to go through people.

Here lately I have noticed that my deals go to local buyers and I would like to build a network to include more Out of State Investors without having to go through people.

Here lately I have noticed that my deals go to local buyers and I would like to build a network to include more Out of State Investors without having to go through people.

Operating expenses are closer to 40% including professional management.  

@Patrick Britton like I say, it depends on the contractor you use, I do all of my own rehabs, and I can get a gut done including the roof for about 65k.

He is willing to sign a 5 year lease with me, I do renovations and then I can rent it out until the 5 years are up (I plan to include a buyout clause if he changes his mind) He gets the home renovated, I get into real estate without having to buy a home right now.

For example: Individuals, C Corps (including RIC's, and REIT's), Partnerships, Common Trust Funds, Qualified Settlement Funds, Disputed Ownership Funds, etc.3.