Some owners delay repairs, underfund turns, and create headaches for tenants, which ultimately falls on you.

(just looking for a ballpark here)- Average number of room turnovers per year - PadSplit says the average tenant stays 9 months- Average cost of each room turnover (room & carpet cleaning, repairs due to wear and tear)- Repairs and maintenance - how much are you typically setting aside for this?

It provides more clarity for me as this is new and uncharted territory - especially how the repairs/draws take place seeing that this was a vacant fixer-upper and the lender in 1st lien has a rehab loan.

If your credit ****** you need to hit up creditrepair.com or some other credit repair  company  and work on getting yp to about a 680 or more with you learning  from jerome.   

Your income is Sales priceLess Purchase PriceLess Costs to sell propertyLess renovations/repairs/holding costs.You mentioned having partners. 

Do you have an in-house repair staff?

Also remind them that they may be held responsible if a repair is necessary because they failed to change the filter.

We did floors, and multiple interior repairs ourselves while living there.

Total cost (purchase + repairs) is 49,000, that is approx 64% of ARV, less than the recommended max of 70%.

Are there approved vendors you must use for unit repairs?