We estimate it is going to cost about $1,800 - $2,000 mo. all in to run it, including mortgage (PITI), repairs, HOA, Utilities, etc.

When I took this down I thought I would be some were around a 20% cap rate...it ended up being a 15% cap rate which is an estimate based off estimated expenses since we just started housing people in Dec. 2018.

(sorry I got side tracked) There are a lot of skills needed to wholesale, luckily I have those skills, you need to know how to estimate rehab costs, find the correct ARV and be able to recognize the deal.

For example, if you need to renovate the kitchen, you simply pick the style of kitchen you wanted, input the sq ft data, and the tool would then create an estimate,  a scope of work to present to the contractors, and an order list which you can import into homedopt/lowes to order the materials.I have been a PM for a GC for close to 7 years, so I understand estimator tools.

If I don't put any money into repairs (I've never seen the inside so I have no idea what condition it's in - this is just an exercise), I'm seeing around 15% cash on cash return.When estimating the rents, I went under what the seller had reported.

It is not one of the massive 15 or 20 bedroom rentals, but it is a VERY nice, high-end furnished home with a spectacular view.Our broker estimates gross rental of 170K per year (and upwards of over 200K once the additions are completed).

Read the local ordinances and zoning be prepared with full details, site plan, traffic estimates, noise, smoke, etc

Curious Yes, meant the estimated after repair value.

In addition, purchased a lot to hold which is currently on the market with an estimated return of 35k (bought during the housing crisis).

Current Rent: 1100 one side month-to-month - market at 1400 - 1600 (agent tip)Offered: 360k + closing creditsDown payment: 3.5%Vacancy, CapExp and repairs estimation: 5%Rehab Costs/ ARV: Pending inspection and appraisal, but right off the bat, both kitchens and one set of floors, small items need updating.