., You need to budget way way more for CapEx and Repairs and Vacancy probably as well.Is it freshly rehabbed?

It might sound expensive but this is off the books money and that carrys a lot of weight to me, not having my credit dinged or showing a brand new loan on my credit report bringing the score down when i go to finance it long term is a huge help if your financing in your own name.

Hi guys I'm brand new and I'm trying to get my first deal I got a call back from a commercial stand alone property in a great location.

The location is great, and it is freshly renovated. 

Purchased price:  $111,000.00  (1 bed condo)I spent another $3k on stainless steel appliances, fresh paint and backsplash. 

Ie there’s a base cost for a 1 br and extra br are usually marginally more money.

Since our purchase the market has started to level out but noticeable increase in the value of our property nevertheless. 1 month of sweat equity and a fresh paint job, the place looks pristine. 

We were brand new baby investors when we first started working with him and we learned a ton.

After 7 years, I decided to stop doing fixer upper projects (20k each fix), I'm taking a break for a few years and waiting for the market to cool down and then hopefully buy 5-10 brand new units at once from a builder.

Including a brand new $50,000 roof in 2017Current property taxes $4,377/yearOwner pays water & sewerAs this was a complete renovation there are no historical financials