I won a bid today on a 3 bed 1 bath Reserve was 30k starting bid 10k which sounds great.

My target rent would be 1200 for a 3 bed 2 bath home.

Ideally, I would like to invest in the 60-75k range for a single family home (Minimum of at least 3+ beds/1-2 bath) where I can expect at least 850-975+ in rent.

Ideally, I would like to invest in a single family home (Minimum of at least 3+ beds/1-2 bath) where I can expect at least a cash on cash return of 11-12% in rent.

Numbers (rounded to nearest $100)1350 sf3 bed, 2 bath1 StoryNo GarageListed Price $45,000Offer/Purchase Price $50500Original Estimated Renovation Cost $17000Renovations $20,000ARV $106,000Sold $109,500Closing Costs at Purchase $2800Closing Costs at Sale $5500 (around here, sellers pay for buyers closing costs)Holding Costs (Loan Payment) $200 a month for 5 monthsHolding Costs (Utilities) $300 a month for 5 monthsHolding Costs (Yard Maintenance) $100 a month for 3 monthsReal Estate Commission Paid at Sale $6600Target Profit Margin $20,000Actual Profit Margin $22,000DetailsThe reason why I laid out all those prices is because I read a lot of success stories before I started and often times there was very little information about how much money was spent where and why.

DetailsList price: $94,900Bought: $92,000Downpayment/closing costs out of pocket: $16,700Seller cash back at closing (for repairs, prorated rent, deposit from tenant): $1,408.07Repairs: ~$950 (received $1000 back from seller for repairs not done by him)Bed/bath: 2br/1ba on each sideMarket rent: $600 per sideActual rent: $550/mo until May 2017The previous seller was house hacking the duplex himself.

Im in Ithaca and own several hundred beds of student rentals around Cornell.

Upon his death you will need to refinance.

The property is a 3 bed 2 bath is listed at 98k has been sitting on the market for about 107 days property doesn’t need any repairs the comps in my are for this house is 150k.

I have a 3 bed in edmond, single family home for 1200 we haven't started advertising yet