Your house your repairs.

Take into consideration all closing cost, realtor fees, repairs etc.

I even had a buyer lined up for the place as well for when the repairs / renovations were atleast 50% or more done.Also forgot to mention that their own system often has wrong or outdated info on the properties as well.As you can see I could go on but I dont think a book is needed haha, but this should give a good exampleSorry for the long post and poor formatting on it

Higher maintenance and repair costs (even low to no skill workers demand 35-40% higher labor)This has led us to diversify our strategy and convert some of our units into MTR's instead of LTRs to increase margin.

Especially Milwaukee, but I may be a little biased there ;)Since you're looking for turnkey and properties needing cosmetic repairs, keep an eye out for homes with good bones that just need a little updating.

The COC will be right around 8%, with $500 in cash flow (after accounting for Maintenace, repairs, taxes, insurance, vacancy, etc.).

Nothing fancy, just a small cabin with may need some repairs.

Our current house is 76 years old and will soon require major repairs. 

These included one of the outdoor lights not working, small common area repairs, tightening things, and a hole in a screen.

You’re $20k will be your future savings that you will need to have around in the bank for when your property needs repairs or there is a vacancy.