I have 2 long term rentals both at 7.5% interest rates.1. estimated value: $950k, outstanding mortgage of $574k2. estimated value: $900k, outstanding mortgage of $514k#1 cash flows nicely for me at $2500/mo, but #2 leaves me at a $400 loss each month, mainly due to the interest rate.

For those doing MTR what have you found to be the estimated average annual operating costs?

- Is there a general estimate proxy that you use for factoring in closing costs for the purchase and sale of the property?           

Does anyone have a trusty renovation/construction estimate calculator or guide they use for our market? 

Your current home is in a nice neighborhood and is mostly if not all owner occupied (based on your estimate rents $4,500-$5000).3.

I want to grow my knowledge on rehabs for the properties I get in so that I can at least get a rough estimate in my head while walking the properties with my investors.

What type of work needs to be done for that estimate?

I'm also wondering if anybody knows the costs and rules for bringing in water and power to a piece of land in these areas, I know it's different for each property but is there any possible way to get estimates on bringing in water and power to a piece of land I want to purchase before actually buying the property so I can create a general budget for buikding a home.

@Alec Jacobs it’s been a few years but when we did it, we got a ridiculous range of pricing so definitely get more estimates.

With CAP rate take the annual rental income (of all 5 homes) annualized with the home #1 at estimated $1000 per month gets you $64500 per year gross income.