Since you estimate a resale value of $200-215K and renovation costs of $60-70K (although you said that's on the higher end), your margin is tight, especially considering closing costs, realtor fees, and unexpected expenses.

This home has been highly operational with high rates of occupancy, bringing in anywhere from $500-$1500 a month in overage beyond our monthly expenses.

My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals .

What formula is used when calculating price of property + property taxes + expenses and upkeep - what property will rent for = monthly cashflow?"

you said "rent covers mortgage." you need it to be significantly higher than the mortgage to cover all the expenses you are going to incur.hope this helps...

Each duplex was bought with an average purchase price of around $270K and is getting an average of $1350 a month in rent

In both cases I settled with the homeowner to avoid aggravation, lost time, and expensive lawyers.

What was really surprising was how expensive materials were.

Collaborating with your neighbors to share infrastructure costs could be a game-changer, especially with something as expensive as road construction.

Originally posted by @Travis Lemley:They will most likely vary significantly with flips being more expensive.