I wanted to get everyone’s thoughts on the deal that I ran the numbers for in the report below.

Any professional can prove to you that changing a light roof for a deep black roof on any property will increase ongoing cooling expenses, potentially as much as 20%.

@Chris Knebel Congrats on going under contract on two properties!

Congrats on going under contract!

They are full service with investors: purchasing a great investment property, make ready renovations, and ongoing property management.BP members @Dave Poeppelmeier and @Mike Mocek work there.

They've all been properly educated on HUD/FHA guidelines for the 203k and have sufficient financials to support the start up costs and ongoing expenses for the 203k.You're only as strong as your weakest link --- select your partners wisely. 

Condo is about $70,000Comparable rental rates in the area are about $1100-1400/ Month.After buying the condo my on going expenses will be, HOA fees which include my Property Taxes and utilities.

I was planning on purchasing a property and house hacking during college, and the numbers just weren't working in the area I plan on going to college. 

I’m planning on going into insurance which is a different field but a 1098 as well.

The 10% reserves (of the purchase price) would be to cover ongoing maintenance and repairs.