Remember to save some money for capital repairs.

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

Perhaps, they can get out earlier such as July so you have time to do the necessary repairs so you only have one month of vacancy.

Hey All, I’ve found an off market duplex in need of some repair (estimate unknown as I haven’t been inside yet).

The best deal I can find today is one that you buy cash, invest a rehab and when you pull out 75% of your ARV you leave maybe a small amount of money in the deal and you break even (BEFORE DISCOUNTING FOR VACANCY, REPAIRS, etc) Yes that means you leave like 10-25k in the deal and your payment becomes $3000/m and your rent is $3000 a month or slightly less.This is for my local market and for Class B or higher RE. 

There are ups and downs with any property and there will always be variables with tenants, rents, repairs etc.

Neither have time for manual follow-up, paper Contracts, telephone interviews and other procedural steps typically required to complete a deposit and booking.

This can cover unexpected vacancies or repairs.

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.