If your 400,000 is in line with the appraisal you may get a green light.  

Older buildings or rougher tenants have hidden (and not so hidden) things that can eat up those potential numbers.  

When I did hire a lawyer due to a tenant problem they had me send two of the exact same letters, one by regular mail, and one return receipt where you get that green card back. 

If you could enclose the car ports I would think that would add tremendous value, and much more renter appeal,, Do some nice ever green type low shrubs so it looks green year round if possible. 

James Green Yes of course, which was the question I asked.

Here are the numbers for this project:Purchase Price: $140,999Purchase closing costs: $1,706Materials and Labor: $31,822Holding Costs: $9,019 (includes repayment to investor)Final Sales Price: $220,000Closing Costs, Commissions, and Staging: $14,667Total Profit: $21,788Here are some before and after pictures:Fireplace before/after:Kitchen before/after:These are the major items we replaced/redid on this house: converted the carport into an additional one car garage (not as hard as I thought it’d be), carpet, updated fireplace, paint, updated lighting, appliances, laminate, granite countertops (also added a little shelf to the counter so you sit at a stool to eat), backsplash, painted cabinets, new furnace, new windows, and removed 3 dead trees from the yard.

It depends on your hardmoney if you are using it, your realtor if you are using one, not sure what closing cost are like in Orlando remember you are closing on the purchase and closing on the sale,  Also your repair cost can eat into that alot if you get those wrong.  

Otherwise, if you are only projecting 4 months and you go over that time frame, then now your paying additional months of holding time and essentially eating into your net profits.

She is going to eat the losses and just move back in.

Bet on number 7 in the second race if you live across from the track....No really.....One oddball I have read in a couple of books and even online (here and elsewhere) that may have some merit is juding a potential property/tenants by their vehicles....( not the only metric for sure but just one observable factor of many to consider along with all the other data points and best practices).If the place you are looking at has a bunch of older inefficient, beater cars in the lot, this may be a management issue (leaking oil, immobile cars, unsightly) AND also eating up the tenants monthly paychecks in repairs, fuel, etc.