They contact person is saying the property is still for sale.The property has been vandalized while it has been sitting.the contact person is asking $8000 for the property claims it needs $15000 in repairs and is valued at $49, 500.I couldn't find any information on the property under the county assesment.

Because I wanted it all checked out and fixed properly, I called the repair person in and paid.

Now buy repair and rent you can get outstanding ROI.

My offer of $133k was accepted, which is higher than my other rentals but this home needs no repairs. 1960's ranch. 4 beds, 2 baths, hardwood floors, new windows, newer kitchen, 2 car garage, newer furnace, newer baths.

He said it would ensure the work can be done and I can be protected.Expense Numbers:$184,000 Purchase price, comps for only a 4 BR SFH excluding carriage house and garage are $245,000$140,000 Repairs/improvements, including addition of a 2nd floor to the carriage house.

It looks like a good deal if you have included all the expenses and really needs no repairs.

What are some repairs that are can be easily and effectively done alone or with a friend rather than hiring a whole team to do the job?

The barricades down at the end of the street over the gaping hole in the sidewalk, locator markings on the pavement there and lack of anyone parked on that section of the street would lead me to think that they may be there for traffic control or to assist in setting up a lane shift for some emergency construction in the area since it appears the hole in the sidewalk is a collapse not a planned repair.

--------------------Strategic Framework:------------------Business Plan Outline:Business StrategyIntroductionStrategic GoalsManagement and OrganizationShortfalls and MitigationFinancial Overview10yr Financial Plan Projections10yr Asset/Liability Sheet ProjectionsMain Effort – Long Term Hold (Rentals)Goals and BenefitsProcess OverviewAcquisition CriteriaFunding OptionsRehab ConceptsProperty ManagementMaintenance and Repair AssumptionsProperty Disposition & Marketing PlanSample Long Term Hold InvestmentSupporting Effort 1 – Real Estate AgencyGoals and BenefitsTransition PlanMarketing PlanSupporting Effort 2 – Short Term Hold (Flipping)Goals and BenefitsProcess OverviewAcquisition CriteriaFunding OptionsRehab ConceptsProperty Disposition & Marketing PlanSample Short Term Hold InvestmentAppendicesMarket AnalysisNegotiation MethodsRental Analysis SheetRehab Analysis SheetInspections PhilosophyRehab Process ChecklistSample Contractor Statement of WorkSample Contractor Lien WaiverSample Rental ContractKey Partners and ContactsReferences

Add on insurance, property taxes, and repairs (bound to be high), and the cost to the landlord should be in the range of $900-1000/month.