[Calc Review] Help me analyze this deal

[Robert Collins]

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[Jaysen Medhurst]

@Robert Collins, you'll still have holding costs. Tax and utility bills don't stop coming just because you're renovating.

1. Management will be closer to 10-12%. Especially if this is a SFR and you don't have any other properties.
2. Standard seasoning period is 6 months. You might luck out and find a lender that goes shorter, but don't count on it.
3. When you do refi, you'll have to keep 20-25% equity in the property. Looks like you figured 10%
4. Insurance looks a little low, but confirm with a local insurance agent.
5. Expect that your taxes will go up after the renovation.

The real question is why you think you can get a property that only needs $8k of work for $55k below FMV. That's highly optimistic.