Hey everyone,I’m new to REI and I’m wondering if you guys have any advice to share on coming up with rehab estimates when you’re just starting out, and don’t have a long track record to go off of?

My advice would be to start small and do your research.

My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

I started with Lula maintenance via Turbotenant in January 2025.

I spoke to her and they were going to do a light remodel (barely lipstick on a pig) and start renting the place. 

It's time to start the process as everyone else mentioned above.

It seems now we have a bull market and if it starts going the other way I would like my rental to at least continue to produce monthly cashflow...that's where I'm at now...still researching and seeing my options... $46,800/year in cash flow with $500k is a nice yield at 9.36% ($46,800/$500,000).

You have an excellent jump start- the VA loan is such an amazing tool to get the ball rolling.

Quote from @Jackson Harris: Hey Kai'ler for our STR portfolio and what our investors do is start getting it listed on Facebook/Zillow rental/Furnish Finder/etc now as a LTR for that time period you're talking about.

Quote from @Cade Antonucci: I am starting to grow my rental portfolio and am looking for online alternatives to hold security deposits.