If you are concerned about "Drylock" then use another brand...

To go even further, your capex and repair assumptions are going to be based on a few things.1) Age of the building - the older the building, generally the higher the repair expenses2) What repairs are you doing to the building - if you are renovating the entire building from top to bottom, you may want to be less conservative on the repair assumptions as everything will be brand new3) How conservative are you as an investor - some people will model properties out with zero room for error and they may assume a lower repair cost that you will4) What is your end game - if you are going to hold the property long term, I would assume higher repair costs as compared to a fix and flip that you will dispose of in a few months.Let me know if you have questions.

Found this deal between two brand new shopping centers and right off the main interstate that goes into New Orleans.

@Steve H.I’m a brand new agent so take this FWIW.

Another one is "10x" by Grant Cardone, and the 4 Hour Work Week by Tim Ferris.If you are brand new to REI, I would definitely recommend "The Book on Rental Property Investing" by @Brandon Turner.

No entertainment, no bars, no restaurants, no friends (only be with those who support your decision to save), no brand new cars, nothing that cost more than a $1,000. 

@Brian SullivanCan you elaborate on “brand new build”?

Far from a 1% home, but it pays the bills and was a brand new build in an “A” rated neighborhood with little to no maintenance .

It’s about $1600 - $1900 for brand new refrigerator, stove, dishwasher and microwave?

Then I dispose of the old non-financiable home and install a brand new home.