Mortgage PITI would be around 5300/m total w insurance, seller financing is around 3600/m w principal, 3100/m with just interest.

I often think we forgot we the voters are responsible for all of this. 

My contractor and I were expecting a $15,000 cosmetic repair and ended up with a $75,000 total renovation.

Since they needed renovations, he invested roughly $30,000 per property to make them rent-ready—bringing his total investment to $110,000 per unit.Once rented, he quickly encountered issues: non-payment, eviction filings, constant repairs, and tenant-related damages.

Long story short, you spend a month cleaning and renovating, then you find a new tenant after just 15 days.In total, you lost three months of rent income ($3,000) plus paying utilities ($500).

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

The 1351 number was calculated by the initial developers as member percentage interest 3.9% of the total sq footage of the building: 34,648 and that's what the appraiser went by. 

My lender at the time ASSURED me that it was totally fine, as I had asked him explicitly multiple times about refinancing a year or so later and he knew about the lease.

So three years and 30k later and countless hours of work, we sold for 195k for a total profit of 100k. 

This is mostly due to affordability and for potential ARV options.I had a good friend buy a property in Indianapolis off of Union Street for $60K she put $48K into the home which was a total dump and was able to refinance the home to pull cash out in 12 months.