You have $606 after tax dollars to spend on the rest of life's expenses, including investing, buying flowers for your significant other, cell phone bill, water/electric/vehicle expense/food/childcare/hair cuts/vacation. 

I asked the broker about the electrical and plumbing systems.

Thank you would it cost more then 200,000 to just do the basics like, insulation, electric, roof and plumbing?

I'm wondering if I'm missing anything: Mortgage (20% down, so no PMI) HOA Electricity Gas (None, as the new construction house has an electric stove—everything is electric) Water Bill Camera Security System Internet Lawn Care Regular MaintenanceQuestions: Will I need to pay for trash? 

Weather became a challenge, Portland had a huge ice storm in January when all my plumbing and electrical was going in.

Nothing better than finding that diamond in the rough and then flip it as long as you have the time, money and energy to see it through.

The pain is removing all HVAC, plumbing & electrical so you can sister or replace a beam or joist and then put them all back in.

Quote from @Branden Rivero: The issue I see is the building is close to 100 years old and with a $500 hoa it's not an easy sale for an investor Yes, thats true however all expenses the past year increase insurance, sewer, trash, electric and cleaning service.

While we lean heavily on the pro's  for repairs and estimates it makes it much easier when we know the typical issues and concerns on the plumbing, roof, electrical etc sides of a property. 

I was thinking I would create a course that involves a field trip to one of the flips I am working and pointing out all of the things they should catch and helping them understand rehab costs at a line item level.I am an expert in electrical and learned plumbing in the Coast Guard.