Also remember with condos cashflow can be a moving target a special assessment can come along and constrict your cashflow without notice

You’ll want to carefully assess property values, renovation costs, and potential resale value to ensure the margins work in your favor.

OKC (I always pick on this market) I might use 1-1.5% a year.Renovation Scope & Budget:Break down the renovation budget per unit and scope of work.Identify whether renovations are light ($5-10k per unit) or comprehensive ($15k+ per unit).

Subject-To FinancingLet’s compare the options and assess your current structure:Land Contract (Installment Sale Agreement)How It Works: In a land contract, you (the buyer) take equitable title to the property, make payments toward the mortgage, and eventually take full ownership after all payments are made.

We purchased a property, signed contract for a 45-day SoW (cosmetic rehab, add AC) and after about 30 days it's been radio silence.We have been pretty patient and now at 60-days past closing we've engaged another local PM who is going to be re-keying, assessing rehab status and taking over from here.I think similar to OP there's nothing particularly nefarious or shady going on here, but the follow-through and ability to land a deal is significantly lacking with this team.

Then you can run your numbers, check insurance, cap ex, special assessments, and get inspections.

The outline was comprehensive and I will review a few apps to fully understand their features.  

The most underknown part of condos are assessments.

For a more comprehensive look at the Las Vegas investment market, feel free to DM me for a link to our blog.

Diving into market analysis is a crucial step, and here’s how you can start:Begin by assessing economic indicators like job growth and unemployment rates.