You have to account for ALL expenses.Let's pretend you can rent it for $3,000.

I use Sam's club and Amazon.I have a pro account with Sam's.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

DC is very expensive and so many of these workers live check to check even though they make decent money.

There is a significant price decrease in the price per watt overall with electric heat.2nd would be to check the type of baseboard heat.

Try to find sales that are similar in style which should account for build quality in most cases. 

You’ll always have tenant turnover/vacancies, but that’s why you account for it when you run your numbers.Here is a picture of my portfolio if you/anyone is curious.

I know when i travel to hotels ( which is almost every month) I check for coffee pods and will choose hotel that has them  then i bring my own pods LOL  unless its a real high end hotel and they have the ultra coffee makers  do your cleaners know how to clean the water repository on a Keurig?

By the time I checked back, the deal was gone.

Hello Account ClosedWe are so sorry for the inconvenience of you trying to contact us.