They are now moving out and we want to return a portion of the security deposit back to the tenant however RentRedi doesn’t allow any type of financial return after 180 days.

At $400K purchase price and $20K net, the returns are thin.

So you should definitely check them out, maybe get in a conversation to understand their monthly returns for long-term projects.

Am I aiming too low with 6% return?

I’ve stepped back from active acquisitions largely because the numbers I’m seeing don’t resemble what I’ve historically required, as well as other business and life commitments.That said, I’d like to put this capital to work.Ideally, my investment would have:15%+ annual ROI target cash flow.Ongoing time commitment of 0–10 hours per weekMy current position:Willing to invest upfront time if the ongoing commitment becomes minimalOpen to both long-term wealth building and/or strong cash flow (A blend of both, or strong on one side, and less on the other).Paths I’m Considering:Acquiring additional rentals (if strong returns are still realistic in certain markets or niches)Private lending / hard money lendingPurchasing performing or non-performing notesTax liens / tax deedsFunding flips or partnering with operators Real estate syndications or crowdfunding (though I question whether 15%+ is realistic here)Current obstacles:For buying potential rentals / distressed properties / flips - Locating potential deals. 

Squatters can get keys from a previous tenant -- or the "previous" tenant can just return and become a squatter.  

The client was house hacking and only put 5% down so this created a 100% return on his 5% of cash invested in the deal.Goes to show you do not always need to get the price down to get a good deal and the value of having an agent who knows the local multi unit market that can advise you on your offers.

In the wholesaling/investing space, the standard benchmark most people shoot for is a 0.5% to 1% response rate (so 5–10 calls for every 1,000 pieces sent).In terms of closings, the 'rule of thumb' is usually 1 deal per 3,000–5,000 mailers, depending on how competitive your market is and how aggressive your follow-up is.That said, I found that the 'cost per deal' was getting eaten up by bad data (returned mail).

Usually, it’s either fully self-manage or go with a truly local, hands-on manager.My understanding is that in most markets paying a manager/host 25-35% of gross will result in a risk adjusted return to the investor about the same as LTR.  

As my mentor always says "The hot girl doesn't have to look for a date to the prom".