How much did the rehab cost and how long did it take to complete?

I do not think it would cost too much to tone it down howeverI got a $10k quote (minus fees) from an interior decorator recently to redesign.

If they don't show up, projects get very delayed and become unprofitable, even costly.

It is always valuable to be able to walk into a property an analyze cost to repair, it is a huge factor in determining the feasability.

I would highly encourage paying a GC to walk deals out the gate, have them give a scope of work so you can see what items costs.

•This additional income can help offset costs and increase your total reported income for future pre-approvals.5.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

For a single property, a strong umbrella insurance policy may offer sufficient protection at a lower cost.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.