Any thoughts on a break even property? 

The states that I know require you to try to mitigate your damages if a tenant breaks a lease early.

We've seen quite a few folks come back after a break — and when the vision's there, things move fast.

With rare exceptions (major economic uncertainty like when covid started) or for relatively brief periods (like around Christmas when the RE market basically shuts down), if something isn't getting offers, it's priced too high. 

Hi everyone! I’m Elizabeth, a Physician Assistant from Maine, diving into the world of real estate investing. I’m starting my portfolio here in Maine with plans to eventually branch out to other markets—especially int...

Every year I send them Christmas cards.

Get professional pictures taken, advertise Zillow or Apartments.com, schedule showings, conduct good interviews without violating fair housing laws, run background checks, CCAP and sex offender registry, pull credit, decline everyone you don't want without breaking the law again, sign a lease, rules and regulations, smoke and carbonmonoxide detector notices, lead disclosure if applicable, pet agreement if needed, make sure you comply with local state and municipal law, set up a payment system and have a plan for maintenance calls. 

Takes 45% in most of those cities to break even.  

If you're aiming for really detailed budget-vs-actual tracking for individual repair categories, breaking down receipts can be extremely tedious.For example, if you buy toilets, doors, vanities, trim, and paint all on one Home Depot receipt, those five items technically need to be categorized separately (plumbing, doors, bathrooms, woodwork, interior painting).

Quote from @Ekaterina Lansky: Hey BiggerPockets flippers,Choosing the right lender is make-or-break for a fix-and-flip deal.