.- After Repaired Value (ARV)- Rehab & Construction- Closing Costs - Purchase Side- Closing Costs - Resale Side- Real Estate Agent Commission - Resale Side- Property Taxes- Insurance (1 year)- Utilities (6 mths)- Interest Payments (6 mths)- Rehabber Profit Requirement

If you fail to show a sufficient income similar to other businesses in the industry, the failure rate increases......why, because if you are a mechanic opening a repair shop and after three years you are not making more than any other mechanic working at other shops in the area, why are you doing it, why be in business, right or wrong, it is assumed you'll be doing what is most profitable for you, and you may just shut the doors and go get a job.

You also need to manage the property manager and understand the criterion that will be applied to qualifying tenants and how will repairs be handled. all these are issues for any landlord but they are all amplified when you are out of state.

From my own experiences, the people moving in Jan HAVE to move; there are good reasons for having to move (need more space because expecting a child, or job relocation, or current home has some issue that requires serious repairs - think mold or fire) and not so good reasons for having to move (foreclosure, eviction, non-payment of utilities leading to no heat, loss of job).

Not sure of any repairs.

David Beard they both are large property managers that do maintenance and repairs in-house so there is built-in work.

As a contractor, I know that sometimes you have to pull everything back to find the damage and repair it, otherwise, you just have a money pit that keeps sucking up all your resources, and never is what it could have been, had it been repaired properly.

I know how to take apart sashes to do repair cords and can do my own reglazing.

That generally costs us about $10-12 per square foot, or about $15-18K for a typical house we do.On top of that, we'll often paint the exteriors (after doing any necessary siding repairs), replace exterior doors, replace bad windows, reroof if necessary, replace hvac if necessary, ensure any decks are safe/secure/usuable, etc.

If the property has distress, it might be repairs or debt issues, which may or may not affect the comps just like any other property.