The house is brand-new and the hope is that it’s not going to be high-maintenance..I’ve been told turn-key can end up costing you and now I’m paying the price.

Last year in January of 2017 I bought a house in Ruby Hill, Denver for $227,000.Spent a year doing renovations but now the house in brand new!

The 110k unit actually had a brand HVAC and water heater.

I am a brand new member from Oregon that is looking to invest in income producing properties  in the state of Ohio.  

Even though the paint and carpet are brand new, installed just before it was listed, it states they need to be replaced.  

Even with the limited inventory the folks at the median seem happy to sit out of the market and wait in the belief that prices will come back down (I don't think that is going to happen) or they go out and buy a brand new track home. 

Worst of all, it had brand new windows and the other unit didn't.

Also, don’t buy cheap brands.

Building trust is part of your marketing and branding, so that when you do pitch someone a project, they will be more receptive to hearing it.

That said here's what our numbers look like, we think we're being conservative on the costs:Age of House: 1987Offer: 100kARV: 160KRent: 1350/monthRepairs: 35K (worst case - expecting less - hard to say since this is our first go around)master bath needs fixed, guest bath just needs a good clean, flooring in the entire house needs replaced (guessed 10k alone for that), fresh coat of paint, tree trimming/removal as they're very close to the houseAppliances - original but seemingly alright shape, original hot water tank (OLD)the good: brand new roof, brand new AC unitWhen we did the numbers we worked in possibility of having a management company (10% of our rent), maintenance costs + vacancies (about 12% of our rent), with 20% down the numbers come out to be around 300 cash flow.