I think instead of getting the gas one repaired I'm just going to get another electric baseboard heater.

Vacancy, CapEx and Repairs are all set at 6%, that seemed to be a reasonable percentage for homes built within the last 30 years.Great to be part of this community.

After walking around with my repair estimator to give me a rough estimate of costs, I came up with $55K for the rehab.

After walking around with my repair estimator to give me a rough estimate of costs, I came up with $55K for the rehab.

I'm analyzing these deals to get feedback on the analyses but if someone is interested, please PM me.2-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $36- Taxes: $300- Insurance: $150- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

Does the 50% rule apply in DFW markets (Save half for repairs/expenses, pay the bank from the other half, remaining cash is actual profit)?

Within the last two months I did what I thought was making my home “renter proof” got rid of carpet, added new appliances, repaired and painted walls, fixed up the landscaping for some visual appeal.

The unique layout allows one to view Row By Row.Sort of a  A 30,000 ft View of whats on the table for this neighborhood .It is a minimal look to simply demonstrate numbers  - Cash , Repairs, ARV and Rent returns if property is held. 

I won the bid at $75,235 and there wasnt much wrong with the house only a few minor repairs before it was move in ready.

If you can't see what repairs are needed, assume they are needed i.e. no picture of the furnace?