Current market value estimates are based on Chase home value est and recent comps from realtors/redfine/ recent sales in the same complex.All 3 apts are well maintained with great tenants and have been worked on to the T so unless something really crazy happens I do not anticipate major expenses in the next say 3 to 5 years.Where it says full reno it includes shower and kitchen and new floors and everything.Monthly breakdowns;Brooklyn NYC - 400sqft Studio in Zip 11206Purchase price 2013 - $170k (plus $20k Full reno Includes new inwall ac + new Lochinvar tank-less gas water heater install)Current market value est; around $300k (2 mins walk to subway and 10 minutes from Williamsburg)Rental income: $1600Expenses: $295 (25 year tax abatement and very low hoa)2.

I anticipate being off in just about every area but know that I am particularly struggling with the cost of estimating the rehab (even just ballparking it) as well the financial aspect of coming from an initial source of capital (i.e. a hard money loan) and transitioning to a lower interest amortized one.Thanks in advance, can't wait to see everyone tear it apart!

Closed on property and made repairs (took much longer than anticipated).

Our rehab ended up costing $5k more than anticipated, which my partner kicked in and he also made the monthly payments.

It's going to take close to a decade for them to waste 15,000 assuming your managing it with temp settings and no open windows in the Winter, etc.I'm guessing since you are anticipating these upgrades that you are paying a price that justifies them. 

It is a great goal, but you are leaving a tremendous amount to chance for a small amount of income - things always go wrong and you need to be experienced to anticipate them and roll with the punches.I do wish you the best in your investing!

The Palm Beach Property Appraiser will let you estimate your property taxes when you plug in your anticipated purchase price. 

I'm anticipating a market correction in 2019, with that in mind we are continuing to flip (more cautiously) and are doubling down on building large rental portfolios in a few select markets.

Fortunately 70% of 110K gives you several more thousand in case expenses run over or financing is tied longer than anticipated. 

If they do not pay you will be forced to evict assuming your state regulations allow evictions based on utilities owed.Your best option is to simply raise the rent to cover the anticipated cost, plus some, and hope for the best.