Thanks a bunch for posting your experience and keeping us updated.Keep reporting your success and/or failures so others can benefit.

I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.

The $100k is total revenue as airdna reports it so includes the cleaning fees.  

Thanks for reporting!

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I have the second address and spot meter report completed and having plans drawn up.  

@James Mc Ree I got mine worked out and happy to report their accountant got right back to me. 

Make sure you already have an exterminator to call though.Also, our lease states that tenant only has 30 days from MoveIn to report pests of any kind.

But, you can charge them back if the pest control report indicates they are the cause.

Also, I strongly urge you not to make a habit of going into transaction planning to trade terms based on inspection report findings.