I live in the Suburbs outside of New York City which means there's nothing under $300k worth touching.  

hello everyone,I've recently made two offers on short sales, (they both happened today)as they looked like good deals when i quickly ran the numbers, so i made offers on both as things are going crazy fast here in vegas and i thought it was best to submit an offer then have the option of turning down the deal if it wasn't a good one.after using the rental calculator one cash flows for 90 and the other for 60. and this is without me allowing for cap x on either, the reason for this is that ones a town home and the other is a condo, both with good hoa's, i did allow 5% for repairs which i think is a lot as the condo has just been totally refurbished and the TH was in good condition and I've allowed 1500 for touch ups, so it'll also be like new after I'm finished. my thinking was that this 5% would cover both repairs and cap x as there shouldn't be much in the way of either. is this a terrible idea for me to allow so little for both.i would be waking in with 25k of equity on the TH and thats without my 20% down payment. and with the condo id be getting around 13k.here are the rental calculator results for both-any help would be greatly appreciated!

Lets stay in touch.

I think you're a touch low on maintenance and I would double or triple the landscaping budget (being off by $300 won't kill you there though.)

You can learn about all the areas, but once you know your interest, stick with that, because it will make it easier to stay with it when things get touch/or frustrating.

If you are buying more of a mom and pop type property there are only a handful of brokers or agents that will touch that.

I appreciate your response and will be in touch :)

Get in touch with individuals that are playing in the area that you are looking to enter.

How many touches are you giving your list?

Makes touch up easy between tenants.