These include management, maintenance, vacancies, taxes, insurance, advertising, utilities paid by owner, entity maintenance, evictions, legal fees, court costs, excessive damage done by the tenants, lawsuits, etc, etc, etc.

Don't assume that your local retail home improvement store is the place to go for all of your needs- remember, every dollar spent in excess is a dollar lost.Make sure that your figures work out, and give yourself some financial room for the unexpected expenses that almost always come up when dealing with rehabs.Establish a good business relationship with wholesalers in your area.

The following is listed under the listing of amounts to be credited against minimum wage:(E) If, as a condition of employment, the employee must live at the place of employment or occupy quarters owned or under the control of the employer, then the employer may not charge rent in excess of the values listed herein.Another property owner that I know provided me with the two scenarios that I listed in my original posting.

THAT IS MUCH MORE IMPORTANT than saving more money or how much money you have.accredited investors (those that have income exceeding 200k a year or a net worth of over 1 million) have only one thing - EXCESSIVE CASH.

For a 25% minimum pricing gap, in order for me to invest 10% in the actual fixing up.It seems excessive.

On the sample report, I didn't see eviction expenses, court costs, entity maintenance, excessive damage done by tenants (above and beyond the security deposit), etc.

Operating expenses also include management (whether you do it or not), maintenance, advertising, vacancy allowance, office supplies, legal fees, evictions, court costs, utilities paid by the owner, lawsuits, fuel for your vehicle (going to and from you rental), damage caused by tenants in excess of the security deposit, etc, etc, etc.

The condo conversion fad is over and in many areas there is an excess supply of condos.BTW, buying 30 units at $100K per door and selling for $200K per door does not give you $3 million "net".

Excessively marking up the service or product is gouging.

If the net from the sale is more than the mortgage balance, the seller gets the excess.