That affects your loan amount and then principal & interest payment.2) Estimate rents based on recent rental comps3) Account for all operating expenses such as property taxes, insurance, repairs & maintenance (landscaping, snow removal, cleaning etc), property management (if applicable), vacancy, utilities (what does the tenant pay vs what you would pay?)

We need to know if repairs will be made and what the rent will be for next year?

I did not include vacancy, repairs, management, and other cost, When determining what I was going to rent them out for.The one critical thing you never told us is what is the current rent and what is the current market rent.

When I asked the PM, he said the tenant has been difficult when scheduling the repairs.

I'm in Detroit now for inspections on one and to generate the scope of repairs on the other.

Living/Dining Room:Demo & Prep ($1,000):DIY carpet removal and ceiling work.Professional for electrical work.Flooring ($2,250):LVP or good-quality laminate.Paint & Trim ($500):DIY painting.New trim.Lighting ($1,000):Update existing fixtures.Drywall/Plaster Repair ($300):Patch holes and make repairs.Window Treatments ($500):Blinds.3.

Why does PM start promoting the property only after existing tenant moved out and property fixed (small repairs)?

After closing, I painted the whole interior of the house, made some small maintenance repairs, added new LVP and updated light fixtures.

The process to build everything out for clients takes longer then anticipated, but once done they're great sites with software to help manage marketing.

Find your own set of tradesmen and you can simply contact them directly when future repair issues arise.