It's been a hard slog renovating.I bought most of the materials off craigslist and offerup or materials on clearance sale at the big name stores.Brand new bathtubs- freeFound them in another building I ownBrand new modern vanities- $65Marked down from $400 at Home DepotKitchens with granite bench tops- $1000 eachPurchased from CraigslistShower screens, toilets, faucets, front doors, new windows and various other bits and pieces were bought for $20-$40 on Craigslist and offerup.The total rehab cost for installing central AC, 2 new bathrooms and 2 new kitchens, washer and dryer and updating plumbing and electrical is around 18K for materials and labor.Each side is rented for $1400 per month, total $2800.

I acted as the general contractor doing much of the work ourselves, and farming out such work as electrical, insulating, all new windows and drywall.

I have seen the epitome of that statement in Germany, where homes can be over 400 years old with proper maintenance and upgrades for such things as running water and electricity, LOL.

I have an opportunity to purchase some properties before they are listed. one of them is 5 units but only has one heating/electrical.

First weekend she's in there refrigerator quits.

Examples include median sale prices, job stability for an area, which neighborhoods may be seen as up-and-coming, are they A-B-C neighborhoods, when was the roof and furnace last replaced, what type of electrical panel exists in the home, etc.

If its a flip or a rental, you must have a licensed GC pull the permits and certain trades (mechanical, plumbing electric) must be licensed.

Electrical and plumbing $2000...

Vash is a parnership with the VA and HUD, when the tenant part is 30% that includes utilities, say the tenant has $1000 income, their portion will be $300, but the heat and water etc is in that number,there is a chart for each expense tenant expected to pay , say $50 electric, $50 water, $50 gas, numbers may be different that means tenant pays landlord difference which in this case is $150, vash pays the difference to the landlord, so the hud check is generally much more than 70%, if a tenant has no income they can but up to 100% from VASH

So your Numbers will be different with the new loan.Your renting by the room, did you include electric, water/sewer/gas. garbage, HOA, Lawn Maintenance, pest service, etc.?