It's a good time to be an agent, but margins are slimmer and slimmer for wholesalers.

Taxes are close to $1,000 per month and insurance accounts for $189 of that payment, thanks to USAA.Current rental income = $6,800Laundry income = $200Total (current income) = $7,000Total expenses = $6100+100+300 = $6,500Current Cash Flow = $5001 year plan:Rental Income = $8,000Expenses = $6,500 (should remain about the same)Cash flow = $1500 or $300 per doorWe are planning on upgrading flooring, bathroom vanities and kitchens for about $6,000 per unit to help justify the rental increase from $1,700 per unit to $2,000+Now again, I realize these numbers are a lot slimmer than most on BP would be okay with but they work for us and our plan for retirement.

And the likelihood of finding that buyer who isn't put off by an exorbitantly high price is slimmer in this cultural environment.

Though the margins on flips have been getting slimmer recently.

You're often competing with experienced buyers that can make a decision quickly and accept slimmer margins. 

I'm running slimmer margins 20%  $500 on a piti of around $2500. 

Now the market conditions are different, the deals and meat on the bone slimmer, and rents and prices are not accelerating to cover peoples mistakes.

@Brian Ellwood thanks Brian, appreciate the response.Makes sense about paying market value and slimmer cash flow through the turnkey route.

When you are financing your down payment it makes it even slimmer. 

But a good STR will have enough margin that you'll have no trouble riding out a downturn; margins might get slimmer but they shouldn't disappear if you bought right.