Originally posted by Dawn Anastasi: Originally posted by Seth Barthen: The challenge I'm having is that it's hard to find good property in Madison.

If they are there for a week they aren't buying lots of groceries, doing a lot of cookies, putting dishes in the dishwasher, doing a ton of laundry, etc.

I would not recommend Bill and Dawn Twyford (Investor's Edge University); I am surprised they haven't been arrested yet.

@Dawn Brenengen small world.

I send all of my investors to Dawn from American Eagle.

Are you prepared to pay $1200-1500 for a hot water heater, $5-6k for an A/C, stove, dishwasher etc. 

Home ages range from ~1900-1940 CapEx Quantity Replacement Cost Total replacement cost life span Cost per Year Cost per Month Roof (most homes here older and have more than 1 peak in roof- not simple gable roof) 1 12,000 12,000 25 $ 480.00 $ 40.00 Water Heater(s) 2 1,200 2,400 10 $ 240.00 $ 20.00 Appliances: Washer 1 500 500 10 $ 50.00 $ 4.17 Appliances: Dryer 1 400 400 10 $ 40.00 $ 3.33 Appliances: Stove/range 2 500 1,000 10 $ 100.00 $ 8.33 Appliances: Fridge 2 600 1,200 10 $ 120.00 $ 10.00 Appliances: Dishwasher 2 400 800 10 $ 80.00 $ 6.67 Driveway/Parking lot 1 5,000 5,000 30 $ 166.67 $ 13.89 HVAC 2 4,000 8,000 20 $ 400.00 $ 33.33 Flooring 1 6,000 6,000 6 $ 1,000.00 $ 83.33 Plumbing 1 5,000 5,000 30 $ 166.67 $ 13.89 Windows 1 5,000 5,000 30 $ 166.67 $ 13.89 Paint 1 4,000 4,000 5 $ 800.00 $ 66.67 Cabinets/counters 2 4,000 8,000 20 $ 400.00 $ 33.33 Structure/foundation 1 10,000 10,000 30 $ 333.33 $ 27.78 Garage door 1 1,500 1,500 10 $ 150.00 $ 12.50 Landscaping 1 1,500 1,500 10 $ 150.00 $ 12.50 Cap Ex Total $ 4,843.33 $ 403.61

@Dawn: I've definitely calculated the returns, given the prices on houses in the area and the average room rents on Craigslist for the same area.

Originally posted by Dawn A.

Just the other day the idea dawned on me about turning it into a short-term rental instead, which was definitely ready now without much effort.