Thus, when a foreclosure sale is held, you can set the bid amount up to the amount of the total debt, which would likely increase from 80K to include the legal fees, receivership costs(we suggest 5 - 10% of the rents collected), repair costs, additional accrued interest, minus rents collected.

This is just a brief post to give some insight into the local maintenance costs in the Metro Detroit area. 

Texas added more new residents than any other state over the past year and now has a population of over 31 million people.According to estimates released Dec. 19 by the U.S.

Leverage your construction expertise to accurately estimate rehab costs and streamline renovations, and focus on financing strategies like hard money or private loans for your BRRRR deals.

With out that, there is no proof that it will perform.Do you have a full estimate and plan for 3 years on the property?

The calculator estimates that operating expenses are equal to 50% of the monthly income.  50% is a rough guide. 

You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed. 

My estimation was with leverage I could do about 7 homes a year and each year after it would increase. 

But if borrowing costs remain high and interest rates don't fall as many people expect, cap rates will have to decompress further. 

Have you had an appraisal done recently, or do you have comps to estimate the property's market value?