Rehab Completed:- Replaced Electrical Box; Upgrade Service Ampage; Replaced panel; Added a subpanel- Painted entire interior of home and exterior of front of home- Replaced entire kitchen upstairs- Removed drop ceiling upstairs (looked terrible) & replaced with false ceiling/drywall- Replaced 4 windows - Added laminate flooring in basement- Replaced molding in first unit- All other little things that come along with rehab--outlets, light fixtures, shower heads, etc.

"I'm 100% sure I want the property before talking numbers"Any experience with something unexpected on the property, after you bought?

Purchased it with a hml for 80k 35k for rehab .115k is recorded with hml in addition I had to put 30k out of pocket for unexpected expenses.

This way, when the unexpected happens, and it will happen, then you will be ready.  

You need to be open to connecting to the right partners from unexpected sources - centers of influence.

Putting all of your time into doing more deals can more than make up for the costs of management.And even though they start out managing their own properties, we also always teach them to how to thoroughly vet prop mgmt co's to find the best ones and how to run their initial numbers to include the unexpected, like potential vacancies (using the area vacancy rate which you can find on BestPlaces.net) and property mgmt costs just in case your situation changes and you are unable to manage the property yourself (unexpected illness, accident, time constraints, you just don't like doing it, etc).Here's an example of the kinds of costs you should include in your numbers when analyzing a potential cash flow property:Projected Monthly Rental Income Minus All Monthly Expenses: Vacancy Rate (BestPlaces.net) Prop Mgmt Fees (even if you are managing yourself so it’s in the budget to pay a prop mgmt co later if you need to).

Be sure you are working with pros who can help prepare you for the unexpected!

Just a safe livable place, it all depends on what you are doing and if it has to be brought up to code based on what you are doing, ex: new kitchen will need all outlets brought up to code and depending on the size exhaust hood for the stove that may need makeup air brought in if the fan is over 400 cfm.

My exercise of choice is running, which fits well with frisbee related activities and my outlets of choice are games and books.

If there is an electric outlet close by, take off the cover to check if you can feel the outside air. 2.