Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

If the estimates are what I'm hoping they are (sub 50k) than I'll go back with a contractor to get a much closer estimate.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

There may be an additional penalty known as the estimated tax penalty, but I cannot ballpark that for you without knowing when you made your tax payments throughout the year and when your income came in throughout the year.Interest.  

I give them details about what exactly I am looking for and share a simple formula for my investment threshold  (eg multiply monthly estimated rent by xyz) and suggest that they only bring deals to me when it meets that price criteria.

I would greatly appreciate thoughts and opinions.3 1-bedroom units - rented at $600 each3 2-bedroom units - rented at $700 eachGross monthly income - $3,900Asking Price: $350,000Owner pays water - estimated at $240/monthMy biggest challenge was estimating insurance so I took a guess and put it at $250/month.