Just wanted to have an average contingency number to fix this.

I'd much rather have a price concession and have the buyer get the work done themselves.If you want to shoot me the address, I can tell you how many days it was on the market, vs the average for the area. 

For me this is a neat place to share knowledge and information with others in the industry... whether they are new or very experienced. 

Yes, they can fumble their way through the average transaction that has few - if any - hiccups but they're doing a disservice to their clients and they are putting everything at risk when things go sideways.As long as you do it part-time, you will only get occasional work.

From what I have read an average minimum would be 5% capex and 5% maintanence.

I would like to walk you through my analysis to see if I am doing something wrong with my numbers.Property: Duplex in San Rafael ST, South of Edgecliff Village in Fort WorthAsking Price: $155,000Down Payment (3.5% via FHA): 5,425Loan Amount: 149,575Loan Period: 30 yrInterest Rate: 4.38%Monthly Mortgage Payment (using BP mortgage calculator): 747.24Income:Unit A --> 695Unit B --> 89550% Rule:Cash flow = (Income)*50% - (Monthly Mortgage Payment) Cash flow = (895) *50% - 747.24 = -299.74** This computation was made only leasing unit B and living in unit A (house hack).A few thoughts regarding this analysis:1.The schools surrounding the area are below average schools (according to greatschools.org).2.I am not including the monthly taxes, nor the monthly insurance in my analysis (I have not searched for this information.

Does anyone have a decent sample SOW for an average SFR flip they could share with us novices?

I've heard of it used in hotrod type applications to isolate the cabin from the road, but it has industrial and other uses too.

@Cedric My average LTV is probably around 55%The part you missed is that I have never paid market value I pay between 30% & 70%My lenders are local private lenders.Let me give you some history,Step One: 40k in the bankStep Two: Purchase 100k worth of property which grosses 18k/yr.

The market I live in now is pretty expensive the average cost of a half duplex is about 300000$ which makes it difficult to first, come up with the 20% down and second to be cash flow positive.Multifamily units do come on the market at around the 500k-650k range, small 2 apartments I can find for about 150K, both that will produce cash flow.