Its a great way to blend investing and saving on cost of living in a pricey market. 

The Samsung is well supported in the community, people write 3rd party apps for it and is one of the more popular products.There are others that have more flexibility, but take more work to setup.

If you borrow 100% of the purchase and rehab costs your ROI will be infinite and it doesn't matter if your profit is $100 or $100k.

I do have an umbrella policy to cover all my assets but that has nothing to do with what replacement cost is to having full coverage on a property.ThanksDaria

https://www.zillow.com/homedetails/114-S-Broadway-St-Toledo-... seller has 'described' it as follows:"The property features a new roof and updated electrical work completed two years ago at a cost of $120,000.

This is just the normal operating costs, never mind the big things that come up occasionally with capex like when you have to replace a major component (furnace, water heater, sewer line, driveway, steps, deck, windows, roof, doors, siding, landscaping, etc,) and it costs $10-20k.

It sounds like you’re selling for $500k after closing costs?

I used the values from the realtor.com website for purchase information and expenses, and the bank of america calculator to estimate closing costs.

Lend to experienced individuals who own other rental properties already6. 6/mo Payment Reserves: insure the borrower isn't broke and has the ability to repay your debt. 7. 100% Hazzard Insurance: make sure the borrower secures hazard insurance that at minimum covers your Loan Amount ie "replacement cost".

Construction costs have almost doubled in the last 4 to 5 years.