I am currently renting it out on AirBnB and it is getting me $2,000 a month (safe estimate at 14 days occupancy in a month, although current rate is 18days).My question is i want to do some more reno work at my primary residence approximated at $60,000.

Buy and hold is slow growing wealth accumulation. 

As such, you are paid a gross payment with no taxes taken out.You may be required to pay estimated tax payments throughout the year.You may be eligible to deduct part of the cost of your automobile if you drive clients to properties.You may be eligible to deduct a portion or all of your health insurance costs if you pay for it.There is a 20% QBI deduction that you may be entitled to.If you knew all of the above, go ahead with a software.

Looking for a clearer answer and the lady at the bank isn’t quite sure and is waiting to hear from her under writers, which won’t be till tomorrow.Right now looking at a triplex with a estimated payment of $1779.52.

City state job growthCity state net migrationCity state job diversityhttp://www.best-cities.org/ - Milken Institute http://www.bestplaces.net – Sperling’s reports     Also check out where people are moving to and from by using the following:North American Moving Services: https://www.northamerican.com/migration-mapUnited Van Lines: https://www.unitedvanlines.com/contact-united/news/U-Haul: http://myuhaulstory.com/ and https://www.uhaul.com/About/Once you find a state or states then you can use some of these to drill down into MSA (Metropolitan Statistical Area)http://www.census.gov/topics/population/population-projections/about.html - Population ProjectionsLocal Area Unemployment Stats By State: https://www.bls.gov/lau/ Seasonally Adjusted Metropolitan Area Estimates: https://www.bls.gov/lau/metrossa.htmI hope I didn't overwhelm you and Hope that helps.

I just prefer to estimate conservative on vacancy - about one month per year, or 8%.I also noticed you have in 10% for management fees, but you're analyzing it with a 3.5% down payment.

I would say my biggest challenge so far has been trying to understand and estimate HVAC, Plumbing, and Electrical as the prices can vary so much due to circumstances.

Hi Horacio,The good rule of thumb to stick with is to never use any online estimate for value.  

I did everything, estimated the repairs, researched the property, negotiated with the seller and market it.

Some people use a default life-span of 7 - 10 years but I prefer to base it on an estimate of useful life remaining, regardless of how old the carpet is.