Plus, equipment can be a hefty expense and may need repairs over time.Instead of a conventional treadmill, I would consider a walking pad paired with a height-adjustable desk-- its cheaper and can be hidden/discreetly tucked away.

It’s more expensive but absolutely worth it, especially in late night/weekend emergency repair issues.

What you pay will save you probably triple that in repair costs. 

We added a mini split system, new floors throughout, rebuilt the deck, added windows, repaired waste lines, roof, siding, stucco, cleaned up the basement and remodeled the kitchen and bathrooms.

How did the properties you purchased turn out, and were there any unexpected issues like liens or repairs?

As many of you know, Assembly Bill 968 will take effect on July 1, 2024, mandating flippers of residential properties to disclose recent repairs and renovations if they sell within 18 months of acquisition.

Hire a contractor to repair.

I have someone who wants only 41k for this property with about 21k worth of repairs. 

., laundry facilities, pet fees).Fixed Expenses: Include mortgage payments, property taxes, insurance, and property management fees.Variable Expenses: Include repairs, maintenance, utilities, and any unexpected costs.Capital Expenditures: Set aside a portion for future big-ticket items (e.g., roof replacement, appliance upgrades) as a reserve.3.

After this tenant leaves, you must clean/repair, market, screen applicants, select an applicant, collect the deposit and rent, get them moved in, etc.