Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

Hi,I have been looking at some of the resources for inspecting properties and estimating costs on this site, and the ones I have seen are detailed spreadsheets and multi-page checklists.

Here's an example: we use PriceLabs to gather data on all 2BD/2BA condos within a specific radius (5 or 10 miles, depending on the market).

This is a sale for me.

First off to be clear when using income for these screening purposes its GROSS income (before taxes).

Cant speak for Nashville, but nationally Redfin recently released a report on their own transactions (they can see both sides of it) that average commissions have risen.This is no surprise to me as I predicted this would happen far in advance of the settlement.

But if you ever feel like you’re not scaling fast enough, you could look into the stacking strategy that Brandon Turner talks about.

This is a super boring, super amazing solving-people’s-problems path! 

For on-market properties, sure use your current broker. 

We are certainly here to help along the way as needed with this property and help you get into the 2nd rental whenever you are ready!