I wouldn't lose any sleep about being a couple grand off on the rehab or closing costs, the real test is going to be when you attempt to refinance, assuming you can get the rehab completed. 

Hello BP Family,We are excited as we are getting closer to our next acquisition: a 16 unit apartment complex in the Rio Grande Valley.

I don't think my costs are nearly as much as Russell said but if i had to guess it's still easily over a grand for me when you add in the NAR dues, mls fees, continuing education and every little thing they nickle and dime out of you like lockboxes, lockbox set up fees not to mention monthly servicing fees just for the stupid box.

In the grand scheme of the investment $1,000 here or there isn't relevant.

You can’t buy a 200k house and rent it out for a grand !

Get one...Do you have cash to start making the payments.Make sure that all recorded owners are willing to sing the grand deed.

Account ClosedFor any long term investor this is a blip in the grand scheme of things...

From what I'm seeing the houses that I'd consider as mid-grade rentals are running at 75k and the nice houses that are flips or new construction are running at 168k+at 160k this house is a grand slam...

My dad had a place he bought that he didn't have time to work on, so we moved in with my wife's grand parents and got to work. 

My property is located in Grand Rapids, MI.