I bought 1 House out right, I am refinancing for 100k. had 1 renter paying 1000. using the refinance to purchase the second property, and putting renter for 1400. it will also need 25k in repairs.

Nothing to get crazy about but no need to deal with tenants, property taxes, repairs, vacancies, etc. just sit back and collect.

Okay, let's allocate $1500-$2,000 for this repair that will need to be done.  

He missed significant repairs that turned a $10,000 refresh into a $60,000, 8 month rehab.

I've been an excellent student of calculating repair costs and ARV.

. $6000 repair. 

During times of uncertainty, lenders stop lending, or they increase underwriting requirements, or the property hasn't gotten to the "repair & rehab phase" and isn't "lendable" and so on and the DOS is called.

This plan covers 24/7/365 troubleshooting services from Lula's experts (such as guidance on resetting a circuit breaker), tenant coordination for scheduling repairs, and access to a network of vetted professionals.Once you're subscribed to Lula, you can set aside a pre-approved amount for repairs, which can be used without needing to contact you as well.

The second property will need 25k in repairs, and rent for 1350-1450 monthly.1.

Class C and D areas/properties will always cash flow better on paper, but on paper things like extra repairs, turnover, evictions and such are often not taken into account.