Real world example 1700 sq ft modular older but very well kept. $56000 $930 rent.  

A quick formula you can use is your estimated purchase price times .0134. 

Unfortunately, one of my Apts had to have all the pipes replaced and at the time the retired plumber went with copper. 

I would visit local meetups for real estate investing, and also network with agents in your area that work with a lot of investors.

Are they just rubber-stamping or do they have real criteria?

I started learning more about real estate through bigger pockets.   

If you're in real estate, whether as an agent or a developer, SB-9 in San Diego City is something you need to have on your radar and smart investors can make it work to their advantage.

And that's before factoring in competition from seasoned investors who often have the cash reserves to avoid these costs entirely—allowing them to outbid you and still make a solid profit.If you don’t have significant cash reserves or can’t find a true off-market diamond in the rough, I wouldn’t recommend flipping as your first real estate strategy in Boston.

The problem with taking on a second property that needs work when you already have one is when major things break in both at the same time.

If you’re just getting started in real estate, feel free to reach out – I’ve been coaching new investors for a while and am happy to help you however I can.