Our rehab cost estimation comes from researching the area and talking with local investors that have similar properties. 

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.

I listed my property for free in Macon, GA and they've been connecting me with tenants who want to Airbnb.

You need a reserve to handle unexpected costs, particularly during the first 1-2 years of ownership and learning how to manage the property. 

Check out FilePlace, where user-created forms are available for free.

Feel free to call my office and speak with me if you want to look deeper. 

Hey @Gil Canfu, feel free to reach out if you'd like to chat or meet up sometime!

Feel free to ask away!

When a water heater breaks at 9pm on a Sunday I get an email saying it happened, it’s been fixed and it cost $1200 give or take.

It turns out the machine was allowing free washes, and with a replacement part should be back up and running.