I have calculated the rehab costs and vetted each individual deal to the best of my ability.

During the potential 360-day forbearance period, no fees, penalties, or interest beyond the amounts scheduled or calculated as if the borrower made timely contractual payments shall accrue on the borrower’s account.Reciprocally, servicers may not collect any such fees, penalties, or interest during this forbearance period.

Before you do your first deal definitely use the BP calculators!!

I calculate about an 800 dollar mortgage while collecting 1400 rent.

My last question is how would I calculate repairs into this?

Plug all of your numbers in the BP, Buy and Hold Calculator.10.

Q: How is the forgiveness amount calculated?

The BP calculator is not an accurate tool, in my opinion.

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

Then after the property has been rehabbed, rented out, & stabilized the refinance should allow you to pull most if not all of your invested money out (as long as your calculations have been correct) as a bank will give you around 75-80% LTV (loan to value) depending on which form of financing you go with.