However, it's not unbearable for next tenant, but I wonder how much you would charge the tenant for the repair.

Future considerations are, in the event the meters should go bad and get changed out, the repairs are held to 1 location on the property.

If you get into house for 10k, and it needs 20k in repair, you guts to learn and be a lionNot to mention all the electrical work I fixed!!

I have done upgrades/repairs when a tenant is on vacation.

We used to diary all of our deals on here and stopped for some reason.Here are the basics on this property:Purchase price - $72,250Estimated repair budget - $45,000-$50,000ARV - $185-195kTaxes - $4338/yrHow we purchased:Purchased with financing from a local hard money lender who financed 80% of the purchase price and 100% of the renovations at 12% interest only and 3 points charged at closingUnit Breakdown:- 1st floor is a 2-bed/1-bath 900 sq ft unit - Projected rent after rehab $900-$950- 2nd floor is a 2-bed/1-bath 900 sq ft unit - Projected rent after rehab $900-$950- 3rd floor is a 1-bed/1-bath 600 sq ft unit - Projected rent after rehab $700-$725How we located the deal:- We zeroed in on this foreclosure deal after it fell out of contract on the local MLS. 

ThanksHome Listed Price: $119,900Address: 210 North Star rdPerry, Ga 31069Purchase Price: $100,000ARV: $120000Monthly income: $1200Monthly expenses: $860.43Monthly Cashflow: $339.57Estimated Repairs: $1000Purchase Closing Costs: $2000Down Payment (@ 20%) : $20KLoan amount: $80KLoan interest rate: 4.5%Monthly P&I: $405.35Total Cash needed: $23K

Last year he paid $968 for necessary repairs on the property.

As far as the condo goes, the market is so wild right now, and the inventory so low in the bay area you can probably sell your condo now for a profit, despite the upcoming repairs.

So it's not outside the realm of possible that she may be motivated to sell on contract.Aside from the financing, I had it figured this property may need $7000 - $12550 in repairs (basing this off the size of the unit they said needs rehabbing, and estimated cost of making each unit on its own separate meter)My QuestionI know I need to do some more work on figuring out the financing/purchasing, but I think I could make it work in this range. 

If you do all this and the numbers (purchase plus repairs plus wholesale fee) Aren’t 70 percent or below ARV, it’s not a deal and you need to drop it.Most wholesalers overestimate ARV, underestimate Repairs.