You used the exact same $3000 figure for both locations and that number is creating an unrealistic result with your two samples.

I really don't respect landlords who look for any reason to keep security deposit money.I also think it's unrealistic and unfair to expect tenants to never hang anything on the walls. 

Not sure why allowing 6 months for a smaller project, would be unrealistic? 

Maybe I have unrealistic expectations.

Any of these are potential red flags.Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investorsRequire you to close before a tenant is in place

@Amit Aggarwal, to begin with there are a number of comments in this thread suggesting that $1900-$2k is unrealistic in this market.

I agree - the market seems to be crazy now and without a cash offer it might be unrealistic for me to find something matching the 70% rule.

Many believe unrealistic assumptions and often apply those assumptions to the wrong property classes.In our OPINION (always verify yourself!)

Quote from @Ell Jay Lindsey: Quote from @Jay Hinrichs: Quote from @Travis Biziorek: The only answers here are you need different markets or better deals.That said, if you're executing a true, full BRRRR it's a bit unrealistic to expect to get much cash flow after the fact. 

I’ve even seen 0% a few times and those properties have not sold on the MLS, they turned into expired listings/ FSBOs and have still not sold (unrealistic sellers obviously).