So that’s an estimated 17 properties to hit my goal.

Also if you are a green newbie as you state, contractors will see right thru you, get several estimates for all jobs.. it's worth it to you.

Not sure how to estimate per unit cost.Nate

Run the numbers this way and make sure to include property tax, capital expenditures and repair estimates at 10%, vacancy factor at 5%, property insurance, etc.

@Huimin ZhangHey Huimin, if your investing goal is to accumulate cash flow, then OOS will provide much higher (or in other words, infinitely higher) returns than your current situation.

If necessary, as in for larger-ticket items, get "a couple two-tree" contractor written estimates and get your price reduction.  

Ideally you should be able to determine your target rent by knowing the rental market, looking at the condition of the units and estimating expenses.

I’m getting leads but not sure how to estimate repairs.

Hi folks.  I'm just trying to get a supremely Ball Park rehab figure for the City of Buffalo for a Rehabbed Duplex.It's actually in really good shape, so no real demo.  Needs new roof, 3 piers replaced for the Additio...

Perhaps the terminology is a bit different since a  Line of Credit has a very specific meaning especially the way the interest is treated (accumulated.)There might be other options to accomplish the same outcome As mentioned, a Cash Out Refi will generally allow up to 80% of the equity.