4. how do you estimate a repair?

Point being if you are leveraged to the hilt with no cash how are you going to make those required repairs etc?  

Sometimes, unseen issues (like major repairs) end up costing more than the discount you negotiated.Final Thoughts•If there are no major rental restrictions, and the numbers work based on rental comps, this could be a great first investment.

I created an electronic google doc time tracker: Time LogContemporaneous time log of rental real estate activitiesActivity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDateMM/DD/YYYYSubmit

You have $190,000 in equity earring $7,200/year when there are no repairs and no vacancies.

I obviously want to get the best tax benefits and write off the expenses for the house and repairs I have done.

Talk about a one-stop-shop for all your real estate needs!

. Install or repair 2 doorbells. Install or repair 2 exterior lights.Materials Included Cement/hardy board, drywall material. Granite slab for countertop and bar. Kitchen sink (D shape). Setting materials (thinset, grout, drywall tape, red guard, etc.). Baseboards, door, and balcony trim. Plumbing materials (excluding fixtures). Fastener screws.Total labor cost: $13,000

Natural disasters can devastate your property and the surrounding community, leading to job losses and the closure of shops and businesses.

Only $120-180 allocated per month for vacancy, maintenance and repairs?