Long story short, you spend a month cleaning and renovating, then you find a new tenant after just 15 days.In total, you lost three months of rent income ($3,000) plus paying utilities ($500).

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

also we do not know what is going to happen with int rates, they are very high now, the economy is not good and it is not certain they will be coming down this year. we know there will be more responsible gov spending, so maybe rates will come down, no way to know...I think you need to know the market where you plan to buy well, and go from thereBest of luck

I am looking forward to meeting people from different aspects of the Real Estate Investing world.

If you’re in a market where you have to spend money on roofs, or exterior paint that’s ctainly you can save up for.

Get a gander at your competition and see what they are offering and take it up a notch.You might check Fiverr or TaskRabbit (not sure for interior designer) and see who is out there.They should be able to help you out remotely and without spending a ton of dough.

If you want it to run well, you may be spending a lot of time at the property.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

The truth is that you have to SPEND 20K to go to their school and learn the ropes.

Especially #4 about durability.Do you charge your clients a flat fee based on size/price per sqft for your services, or % of spend?