Needs gutters, full kitchen and bath, floors, paint with some drywall repair, windows, front porch and the deck on the rear is pretty poor as well.

You'll likely have inspection related repairs every year.

I'm not factoring in a percent for vacancy, repairs or capital expenses.

I have enough personal income that I can pay for cap ex and repairs if I need to (most people can't, and shouldn't, do this unless their W2 income can support it).

Your loan may also be capped at 65 or 70% of the after repair value.

@Randy AchiTo start flipping houses, learn fundamentals through books, podcasts, and online courses, build a network, start small, and practice repairs.

I have managed these properties from renting to leasing/repairs etc.

That means if you could get $6,250/mo, have zero repairs, zero maintenance, zero capex, zero vacancy, provide zero lawn/snow/landscaping, pay zero utilities, and pay zero management.

Further, we need to account for a $10k “reserve” for what will be repairs / maintenance as the property ages.  

I am looking to add:- one syndication investment (not multifamily because I invested in 3 multifamily syndications in 2024)- three turnkey rentals in the Midwest (only vertically integrated management and construction/repair turnkey)- one mixed-use property in NJ (Main Street mixed-use is what I like with at least two retail and two residential)- one flip in NJ (buy price between $500k and $750k, reno $200ish, profit $200k min)I am also looking to:- do two bathroom renovations in my personal residence (and one in my DADU over my detached garage)- do a complete yard makeover, adding a plunge pool in my backyard- start planning and development on a 5-acre plot of land I have near Woodstock, NY for a 4-STR groupingI am looking to sell:- nothingWhat is in your 2025 buy box?