Not sure you have to budget for property management if you are local but you don't have that line item.

Per usuals on first flips it took longer and we blew our initial budget however it sold for more money than we anticipated when we purchased the property, so we still made a decent profit.What made you interested in investing in this type of deal?

For the lower end (which matches my budget right now), his idea was a really nice, personalized luggage tag, which I think you can get for $25-40. 

It's based on your budget, most new consturctions are restricted to investors.c.

@Hayden Wright higher cap rate is not always better, capture initial equity through value-add, reserves should be substantial and you will likely use them, if you buy off of a long-time owner be sure to budget for insurance and property taxes to be a lot more than they’ve been paying, buy in an area where rents and property values are going up (good market fundamentals like lots of jobs in diverse fields, affordability (wages can pay the rent), population growth, good schools, low crime etc.).

Between 200-300k with a rehab budget of 10-15k if needed.I’d love any recommendations from anyone with consistent boots on where to narrow down the search?

Potential BRRRR 🚨 We just bought this 2 family in Laconia NH last week.We paid $95,000 and have a rehab budget of about $65,000.

@Wesley Vo dig deep into the HOA budget and rules.

Say for example I had rented a unit out for $1000 a month with a maintenance/repair budget of 10% ie 100 dollars.

But seeing the cost of STRs, I'm not sure if that's even possible on my $50k budget.