DO you have a loan estimate?

I use to estimate you need 50 percent equity to break even, now I would expect significantly more. 

The are always multiple variables such as: are the gift funds involvedProperty typecondition of the propertyIs it ruralTitle seasoningReservesLTVWhat is the estimated DSCR ratioCitizenship status: Foreign National, ITIN, Citizen, Resident, permanent residenceDoes borrower have investor experience or notMortgage payment history called a VOM or proof of timely paymentsGift of equity or not100% gift funds or does borrower have at least 5% down payment and their own reserveshow many acres does the property have?

I would like to get a fairly accurate figures for my modelThanks much Hi Marinta,For a 2 BR unit at Beach Villas @ Ko'olina, here are some expenses:Monthly AOAO Dues:  Approximately $2200/mo and it includes:  Cable TV, Internet Service, Other Common Expenses, Sewer, WaterElectricity:  Varies but I'd estimate $200-$300/mo.Property taxes:  Around $2k/moCleaning:  Around $200 per cleanMaintenance - minimal as units are very well maintained.  

Most of the rough estimates for new construction in Houston were in the $110 - $130 / sqft range. 

After thorough research we estimate the renovation are going to cost around $40k, The ARV is around 300k.

Learning how to estimate rehabs based on labor + materials is massive.

Are you estimating CoC with just the down payment & closing costs? 

Estimated total cost of rehab is between 100k and 150k.

The neat thing about buying the STR subsequently, is that you can use estimated short-term rental income to help qualify for the STR purchase, but only if you purchase the STR after your primary (not the other way around - see Scenario 1 above).