[Calc Review] Please help me understand this report

[Robert Walden]

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*This link comes directly from our calculators, based on information input by the member who posted.

[Jaysen Medhurst]

@Robert Walden, so the plan is to hold this for at least 2 years, right? Why a lease purchase?

I'm sorry I can't help much with the calculator questions/issues.

• As far as water, you could bill back the previous month/quarter's usage or level a standard monthly charge and then "settle up" when you get each actual bill. It will be important to understand what is standard in your market, you don't want to put yourself at a competitive disadvantage.
• You should expect property taxes to go in proportion to the amount of value you add. Double the value, double the taxes.
• Fees: I was referring to expenses like a CPA when you file taxes and the costs to advertise when you need to find a new tenant. I was not referring to Property Management, which will likely be 10-12% and you should always include in your underwriting.
• "No money down"...isn't really a thing. I know you read a story on BP every now and again where someone was able to do that, but DO NOT assume that is a viable strategy in most cases. Now you may be able to partner up with some one. They bring the cash, you do all the work. Of course, that means 1/2 the return for you. 
• Refi rates: If you can get something in the 2s, awesome. Not sure what lenders you're looking at, but I'd be shocked if you got something that low without it being a primary residence.
• There are plenty of resources on BP about estimating, etc. Investopedia is good for basic concepts like amortization.

If your ARV, Reno, Purchase and Rent numbers are accurate, I think this deal has legs.