Is that right, or is that being too conservative for a house hack?

I believe I have everything set to worse case scenario - very conservative. 4 Unit3 Unit

Learn how they underwrite, then evaluate the deal conservatively using their criteria.

Therefore, I use 50% to be conservative.

If you want to be conservative about the deal, use the higher number.

Primo,I would agree that it looks as if one can make the $30K plus pretty easily (if all goes well :lol: ) Even conservatively, if you buy at 10% under market, and sell at 10% over market, get an option payment of some amount, and attain cashflow of at least $100/month, the $30K is very reasonable.

If you assume a roof lasts (for instance) 10 years, and costs (again, for instance), $5000 to replace, then you need to budget $40/month for roof replacement.That's why Mike and others just used a fixed percentage. 50%'s a conservative number.

I feel a bit mixed because my lessons 2 & 3 seem to be conflicting.....Any thought very much appreciated (Oh, conservative estimate above, no appreciations...)Greetz, Raymond

This easily beats that. kygregor is being very conservative on the expenses.

.- ARV = $82,500 (which was conservative, recent comps for smaller houses came back slightly higher)- Repairs needed = Around $10,000 for rental - (Needs central air, some rotten board on the outside, some doors/sheetrock repair, and painting)We wanted to try to start out with a $10,000 assignment fee to split between us and work our way down depending on what they would take as an offer.