Since its a gut rehab down to the studs, it requires new plumbing, electric, some new framing, roof, floors, windows, doors, paint, trim, insulation, drywall, recessed lights, kitchen, 2 small decks, garage door, porch repair, re-concreting driveway, landscaping front yard and back yard (very small lot 2,200 sq ft).

I've only done 30 year mortgages for now, but plan to trim that down to 15 yr mortgages as I have more funds become available and get older.

@Zach BallouDid you think about electric fire place...low cost and easy to install I know they look a bit modern but can install a nice mantel and some decorative trims around if needed or even some leadger stone panels from floor to ceiling surronding the fireplace would be an option also.Search ebay for electric fireplace for better idea.Good luck

More so since Foxconn was announced...the forestry department actually trimmed the trees down the streets so it doesn't look like an overgrown, forgotten area! 

Cut the grass, trim that huge bush/tree in the front, put a couple flowers in pots near entry. 

Install new baseboards, trim molding in entire property as needed.

In fact when a contractor we found finished the amazing trim work he did in our addition my wife tipped him $400.

Fill the holes with silicone, and then tar over.You will probably have to trim down the tree on street-side of building if you are going to mount the dishes on the corner w 4x4. 

To make a long story a little shorter I ended up moving walls, building walls, replacing every light, switch, outlet, new doors(inside and out), new cabinets, every piece of trim is new, built closets, rewired most of the house.

Okay enough prologue, here's the deal:3003 Finley St, Fort Worth, TX, 76111 (United Riverside)4 bed, 2 bath, 1570sf, built 1951Asking $84,900Estimating $25,000 in repairs (roof is 2 years old) needs: vinyl floors, new countertops, appliances, HVAC, possibly re-wiring, trim/doors, and paint.Estimated ARV: $150,000 (I base this on 3 bed 2 bath comps ~1350sf only a few blocks away selling for $159k to $185k, roughly $100/sf to me seemed like a conservative estimate)Estimated rent $1400/month (I based this on Fair Market Rent chart for 76111 from section 8 housing which lists 3 bed at $1350 and 4 bed at $1720, plus several 3 bed 2 bath rentals currently available a few blocks away at $1350/month)Running BRRR numbers with $80k cash purchase, $25k rehab, refinance at $105k, %10 capex/repairs, 10% vacancy, 10% management fees led to a monthly net cash flow of about $200.Is there something I am missing about this deal that I need to account for?