I have no knowledge of how that works.Vacancy (10%)Repairs & Maintenance (5%)CapEx (6%)Management Fees (0%)- I’ll be learning from this property, but hope to handle management alone.Future Assumptions: Ultra ConservativeAnnual Income Growth: 1%Annual PV Growth: 1%Annual Expense Growth: 1%This results in $573 in net cash flow per month, which sounds good.

The bathrooms are outdated but usable for the purpose of renting and there are some things that have already been quoted (electric work + some concrete) that the listing agent has quoted at $3.1k in repairs.So for rehab I have the following estimates:Kitchen (cabinets, countertop, etc): $6.5kFloor (1,500 sq ft): $5kAppliances: $3.5kPaint Interior: $2.5kElectric/Concrete: $3.1kMiscellaneous (fixtures, etc) $3.5kRehab total: $24,100Safety Net (+10%): $26,510ARV less Rehab: ~$43,400 x 70%= $30,380 offer priceKeeping in mind that I am using ultra conservative numbers, do the rehabs and estimates seem ok or too far-fetched?

I know it's not equitable to pay taxes over a lifetime only to be taxed again at death, but as a country, we couldn't afford not to get the ultra wealthy one last time...Personally, I will benefit further but shouldn't.

I should probably also mention that aesthetically we are "old home" people - we love details like exposed brick, beams, etc. so we're not looking for an ultra-modern "cookie cutter".

I don't really want to be leveraged to the ultra maximum, have an enormous portfolio but constantly stressed and wonder when I might lose my shirt!

Profit margins are non existent or ultra slim, yet it's the part of the business that customers want to argue about pricing the most.

Analyzing a few 5+ unit deals in an ultra small market, where even local commercial brokers and lenders say “we don’t really use market cap rates, we just order a third party appraisal” to determine value.

A friend went with an ikea ultra modern look.

Any real estate bought no matter turn key or what.. if it never goes up in value and you have to sell it.. its not that great of an investment.. you not only don't make much because of sales load but you have recapture.. real estate wealth is made in ultra long term hold IE your tenant pays off your house forget about cash flow as long as you did not feed it you end up with a free and clear asset that your tenant paid for.. that is wealth builder..

., to accurately paint the picture.My evaluation would be ultra conservative, and if the numbers still look good ultra conservative, then you either are missing something or its truly great deal.