It is to get you to reduce the amount of time you waste looking at deals and knowing what is good and what isn't good for a deal.You'll also need to know the area comps, are people putting in wood flooring or LVP etc.

That's a typical scenario and could cost you $10,000 - $15,000 so that would be a good starting point for your reserve.But there's more!

Hey everyone, I’m just curious if any of you have any good links to blogs about saving money on food costs for a family.

Hi BiggerPockets team,I am a rookie US real estate investor searching for financing options for my first deal.Personal ProfileCitizenship: IsraeliI do not have US citizenship or a long-term visa.Investment GoalsLong-term rentals in good B/B+ locationsLow-maintenance propertiesKansas City, MO/KS, or its suburbsI am familiar with what https://lendai.us is offering, but I am trying to find other alternatives.Thank you!

@Matt Wan Many lenders require wet signatures on at least the Promissory Note but if yours does not, as a US citizen you could do the entire signing anywhere on the planet with a good internet connection + mic + camera via Remote Online Notarization (RON) for less than $200.If wet signatures are required, the answer then depends upon what foreign country you are in.

Check their nightly rate, occupancy and amenities.That will give you a pretty good idea of need and profitability.

You gave me some good insight.

Hi @Adam AeroIt's good to have goals in mind.

That is not a good look and it isn't fair to otherwise good and qualified tenants. 

You’re not overleveraged, so you’re in pretty good condition to ride out a downturn.