Then after that split is taken out, we pay income taxes to Uncle Sam, errors and omissions insurance (in case there's a lawsuit), Realtor's Association dues, MLS fees (so you can look at properties on Zillow), monthly technology/desk fees to our broker, health insurance, car insurance, gas, maintenance, clothing, computer, cell phone, software, marketing, etc.

Rent Relief (I think it came from the Covid Rescue Plan) just paid 7 months worth of rent (past and future rent) as well as her water and gas bills.

@Sam Kay, I have never had to pressure test a house after water service is started, but I have replumbed more than a few houses, and pressure testing is a rough in inspection requirement (same with gas lines).  

If your job doesn't pay a lot and all of that goes to rent, gas and groceries, it might not be possible.How much you will be qualified to borrow depends on how much you earn, so if your job pays less, you will be able to borrow less. 

Driving for dollars can be an effective strategy the costs (gas, time, energy, materials) have to be added to the deal analysis. 

@Jon HaneyWhat is the heating source, gas, electric ?

Is it going to be a gas station?  

Purchase price: $163,400 Cash invested: $25,000 Sale price: $240,000A buy&flip project on a Single Family House10K - Flooring, Trims and baseboards8K - Interior Painting3k - Updated water heater, and gas permit2k - Other minor fix, ceiling fan, windows, light bulb, new fridge, and more2k - Holding cost, HOA, and other related utility feesTotal cost of repair - $25k

Earnest Money $1000, Home inspection $300, Appraisal $300, Gas and tolls and mileage on car to for due diligence $150.

Gas and electric collections is huge because they won’t be able to get in their name and we do not carry utilities.