Every market will vary due to labor costs. 

funding land flippers as a capital partner is my latest thing.. since finding lenders for land is very difficult. continue to fund small developers soft costs for % ownership.and continue to be capital partner for flippers and BRRR folks

Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck!

@Shayan SameerThe non-paying tenant could impact your short-term cash flow, so consider the potential costs and timeline of eviction in your state.

I have been in Milwaukee WI for quite a while as investing in my backyard in NY is cost prohibitive. good luck on your journey!!!! 

With that said, the income can still offset the cost of holding the property as a long-term investment.

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs. 

Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.

So if I do a good analysis of the property (including all the costs) and the property generates monthly CF with a DSCR above 1.1, I would be removing a big risk because the numbers add up.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.