You can budget around 4% of the sale price to cover these.This is a conservative formula.

There is a lot of vital information on this website - use the tool tab at the top of the screen to begin the learning process. 

Maybe not right away, maybe not for a long time but eventually you will get burned and if you get burned on a property 2,000 miles away everything is more expensive because you are paying someone like me to do it for you and I do not work for free.Investors with small portfolios need to know that they can afford to cover the holding costs of the properties when there is no rental income.

hello everyone,I've recently made two offers on short sales, (they both happened today)as they looked like good deals when i quickly ran the numbers, so i made offers on both as things are going crazy fast here in vegas and i thought it was best to submit an offer then have the option of turning down the deal if it wasn't a good one.after using the rental calculator one cash flows for 90 and the other for 60. and this is without me allowing for cap x on either, the reason for this is that ones a town home and the other is a condo, both with good hoa's, i did allow 5% for repairs which i think is a lot as the condo has just been totally refurbished and the TH was in good condition and I've allowed 1500 for touch ups, so it'll also be like new after I'm finished. my thinking was that this 5% would cover both repairs and cap x as there shouldn't be much in the way of either. is this a terrible idea for me to allow so little for both.i would be waking in with 25k of equity on the TH and thats without my 20% down payment. and with the condo id be getting around 13k.here are the rental calculator results for both-any help would be greatly appreciated!

Fully leveraged is fine, but make sure that the property you're buying cashflow well enough to cover the servicing of all your debts. 

Does the title insurance on the properties covers the home insurance ?

Jeff, we absolutely cover much of that area.  

., does the $7.5k cover any/all deferred cap ex (eg.

vacancy rates for off season and when hurricanes come through. how about your liability, is the condo itself covered(liability) and are you, in excess of a typical owners policy?

If the damages go further than the $150 can cover, than you can dip into the initial deposite to help cover yourself as well.