We were skeptical at first that they wanted to give a deposit right away, but we were also in a time crunch as to we needed a tenant secured before the 15th.

As we all know the market has slowed down due to the credit crunch, valuations and underwriting guidelines, so I have branched off a bit and have several deals working in Costa Rica, St.

I like to crunch my own numbers. 

But now I need some advice.Background: I have a double major in Finance and Economics so I like the numbers but I don't like crunching numbers 40 hours a week.

You may find that it would take nearly a year to actually make up the difference, and then possibly start all over again with a new tenant.At some point, it's obviously going to be worth doing, but crunch the numbers to see if it's worth it in your case.  

In times of a cash crunch not many want new clothes or shoes.

If I have a cash crunch and don't want to refinance but wish to make upgrades, it becomes complicated to trade a bathroom for a new kitchen remodel.There isn't a "right" answer.

But you still have to investigate and crunch the numbers to confirm.

Heck after this I have a rental 275 below market that I plan on raising the rent on.Been crunching the numbers lately and realized that instead of buying another house I could put the effort into charging market rates at two of my rentals and make the same cash flow as if I had bought another house.

As far as renovating goes, I agree, I would need to crunch the numbers on the ROI.