Pay your bills on time, don't apply for department store cards, don't apply for too many credit cards (3 is enough), try to keep your utilization under 50% and don't close accounts even if you do not use them.

All deals require some sort of nurturing before materializing.

Look at houses and then go to Lowes and check out the materials prices for specific repairs.

I am so set on landlord material and in the mode of needing a monthly payment of say 2200 a month (50%=1100+1000 [monthly payment]) thus, equalling to 100 dollars per month cash flow.

Jeffrey, Operating expenses include taxes, insurance, management (even if you do it yourself), maintenance, advertising, office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, utilities (if only during vacancies), vacancies, capital expenses (not technically an operating expense), etc, etc, etc.

Hi,I would estimate approximately $4k-$5k for labor and materials.

Don't worry too much about making it super fancy or anything, just as long as you have one and can put the address on all of your marketing materials.

I have money or access to money but I don't have time to go thru too long material.

In addition, since this unit has owner payed utilities, the expenses could very well be above 50% of gross rents.When I analize these deals (quick analysis), i take the max. gross rent, subtract out the "current vacancy" arriving at the adkusted gross income.

When dealing with cat 3 water, all porous affected materials are removed and discarded.