Oh, and for some for not-so-good news this property happens to have bed bugs and a putrid smell from animals & rotting food in the fridge.

Here's the numbers:Single family house in NE San Antonio. 1,456 square feet, 3 bed 2.5 bathPurchase price: $105,000Rehab; $20,000Hard money loan: $112,500Cash out of pocket (From HUD stmt):$12,500 (down payment)$2,250 (points)$385 (lender fees)$892.50 (title fees)$1,320 (insurance)-$2,001.34 (credit for unpaid taxes)Total: $15,346.16Actual rehab cost: $19,678.12Hold time until rehab and refinance complete: 98 daysInterest expense: $3,020.55Refinance loan terms: 30 year adjustable rate mortgage at 5.75% interest fixed for 5 years at 85% LTV and 1 point.Appraised value: $164,500Cash-out refi amount: $139,825Cash back in my pocket after lender fees, title fees, down payment, interest expense, insurance, etc are all accounted for: $5,389.50Now the place is rented for $1,200 a month and I figure I'll pocket about $200-$300 a month after expenses and mortgage payments and in the end, no money tied up in the deal!

House I am renting:Purchase Price $145,0003 bed/ 2 bath2 car garage1,700+/- sqftAsking rent= $1,395/month Thank you Bigger Pockets Community for all the of the great knowledge and advise everyone is consistently contributing to on a daily basis!!!!

If you guys want to come out my way in Brooklyn, basically near Prospect Park, I would be happy to meet with you.If you read my posts and my background, you'll find I have 2 decades of Real Estate Investing history in Brooklyn.I currently own 7 multi-Family Investment properties, generally 3 and 4 Family buildings, in Bed-Stuy, Clinton Hill, Windsor Terrace, and Ditmas Park, with partners.The total Assets are worth over $15 Million.If my strategies are not necessarily aligned with yours, at worst you will walk away with an understanding on how to be a successful buy and hold Investor in a highly expensive and appreciating market like Brooklyn.You don't have to invest my way.

My tenants, a married couple with their teenage son, is renting my 2 bed, 2 bath condo for almost a year now.

Of course, you want comps to be as close to identical as possible in terms of sq ft, beds, baths, rooms, acres, garage, etc.Give me a call if you want and I can give you an idea of the ARV of yours.  

The reason for this is that it is only taking into account real solid numbers (Sqft, bed/bath, year built) and no other factors.

Hey Guys-Trying to figure out if I should make a move on this one.  12 single bed units, in a large well kept building.  

I was thinking if i could find a four bed room close to the school it would yeild 4 rental payments each month.

Overgrown yard, weeds in flower beds shows a lack of caring and invites a lack of caring.