If we are going to reposition the property or it requires significant repairs we supply a capex budget broken out into line items.

I believe that I can add value right away to an experienced investor with my transferable skills as an IT Project Mgr - timeline/schedule mgt, budget mgt, resource mgt, issue resolution, task mgt, task dependencies, etc.

the ones with the best deals of course ;o)i'm in aurora, so maybe SE denver area (don't want projects in golden, boulder, etc) and not high end stuff due to budgets starting out.

In that case, your rehab budget better be fat because that place will eat you out of house and home.

I have a pretty strict budget for all 9 units so it may be that it is cost prohibitive to do anything but slap some new carpet down on the stairs and in the upstairs bedrooms and wait a few years before I change the layout.

We went moderately over budget on construction for a variety of small reasons.

(My budget is $1000/month).

Happy Thanksgiving BP community I was doing some number crunching on the Zillow calculator app this morning, and given my budget, I can afford, a max of $75k ( maybe $80,000 ) purchase price on a property.

Is my budget realistic?

You just have to budget for their replacement.