Once you attribute a 10% return to the equity what is then left after after debt repayment and expenses is your cash flow.

My definition of an active site manager, is someone who knows what needs to be done, is empowered to react to opportunities, and is rewarded from best practices.On my sites, this person, being me, is supremely aware of how easily mistakes happen and how costly these mistakes can be.

But when I do a project like that, I will play up to those attributes in listing.

I attribute that to a smaller buyer pool of investors who bought those homes strictly for income. 

I can trace at least two deals in the past year to ideas directly attributable to this practice.Full Disclosure - I like the videos too but try to be more conscious of the time involved so I don't lose track of time. 

This video below doesn't cover every aspect, but it talks about some of the core attributes you'll want to consider when getting started...

I think a lot of its fame can be attributed to MTV for broadcasting it as a popular spring break destination.  

Most people manage their own rehabs but when you are not there makes that extremely hard, or more impossible.Some tips; Project manager is a must, usually around 10% of rehab cost.

You’ve already done this by including property management costs and every property manager I know of in Memphis charges an additional amount for placing tenants.

If your property manager is not a absolute expert in this area the chance for success for ownership is very small    When your tenants move out you have  to get your house boarded up ASAP. every day it is not boarded up, the changes of Vandalism increase.