Hello BP Central Florida!
I am working on analyzing properties and would like some feedback on my numbers. I am currently looking in the Sanford area and evaluating mostly SFH with 2-3 bedrooms, 1-2 baths, <1500 sf for a buy and hold strategy. I want to make sure my numbers are as accurate as possible. That being said, what are some vacancy rates you use to analyze deals? Aside from the mortgage, what are some fixed costs that you take into account? (I am allocating about 10% for each repairs/maintenance, capex, and management fees). While I know this is largely a case by case basis, what repairs do you typically do to get a house rent ready and what are those costs? (e.g. Do you usually give a fresh coat of paint? Do you usually update a section of the home? Or is it wholly on a case by case basis?). When estimating rehab costs for analysis, what resources do you use?
Thank you in advance and please let me know if I need to provide more information.
