One other thing though... if you had your property for several years and depreciated the property along the way, the government makes you "recapture" that depreciation - which basically means you have to subtract any previous depreciation off the basis of your house and pay tax on that portion you already depreciated.In short, it takes a really good spread between your purchase / repair expenses and your ARV to make a flip work.  

As to your other costs mentioned, that will be on you to decide how much does it cost and subtract such fees or just take off certain percentage.Best!

It is a reason why JADUs usually subtract value from the property but it could be worth it for cash flow if you plan to owner occupy long enough.  

Don’t forget to subtract at least $200k for capital gains tax (more if you live in a state with income tax) and another $50k for depreciation recapture.

My preference in evaluating multifamily projects has alway been thru debt service ration arrived at after subtracting all truse cost and diving said result into the net income verse other methods of ROI, COC. 

It's similar to your credit score: add points for good behavior, subtract points for bad behavior.Except the IRS criteria of good and bad behavior is a highly protected secret, and nobody really knows how this score is calculated.

Then subtracting my loan payment to determine cashflow projections.

you might need a realtor to help you get this. i'd try to get #s from a few diff ones, and stress that you want to know what it'd go for if it was all newly renovated.then x that number by 70-80%. 70% is safer. 80% is pushing it.now, subtract the renovation costs. this looks like a gut to me. here are some $ per square foot that i've seen the pros use for gut renos: $40, $75, $40, $25, $65. bolded numbers are from heavy hitters in the RE world. so let's say $70. $70 x square footage of the house = rehab cost.now minus holding costs during reno (tax ins util etc), and closing costs on both ends (front end to buy it, back end to flip or BRRRR).once you subtract the rehab cost, holding costs, and whatever closing costs you'll have to pay on the front end (and back end if you'll flip or BRRRR), that's your max allowable purchase price. if you come to a price that's way lower than they're asking, you can explain how you came to your number, sometimes that helps bring them back down to reality. hope this helps!

This allowance is subtracted from the total rent to get the net rent amount.Keep in mind that these figures can change over time, so it's important to consult with your local Housing Authority or HUD office for the most up-to-date information.

That way at the end of the month we would have a gift card with the amount left on it and we could just subtract that from what we need the next month.One and three sound familiar, we have been using the information from Mint and reducing the amount we spend in each category, which is working--slowly and I don't think it will take us from where we are now to reaching our long term goals.