Tenants use about 30% more water and do not generally report leaks.Take 60% of gross rents for a D area with higher evictions and make readies and collection efforts with increased bookkeeping.75,600 X .40 ( 60% costs) = 29,240 NOI29,240 at a 10 cap is a value at 292,400 ( This is optimistic as D areas trade for 12 caps usually).175,000 purchase plus  estimate likely 13k to 14k a unit rehab so about 196,000.

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/flippingbookYou might consider Niche or Specialized Housing like student housing.

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.

I paid the bills but missed the "estimate" part every time.  

Hi guys,I'm looking start flipping houses & buying & holding rental properties in North Orange County (Santa Ana, Anaheim, Tustin mainly) & Riverside County.I have 15 years of construction estimating & project management experience which helps with the rehab side & recently became a licensed Realtor.  

I agree with the passive, but the fans are quite efficient, the estimated cost is about $50/year, to run. its also an easy sell to a tenant, because they think you are looking out for their best interest, since most landlords dont care, and few tenants even know what radon is, or that its a hazard. i see it as one more thing done for when im ready to get out, and sell, the fans last a long time, a friend has had his running for over 20 years now.  

Maximum offer= $102,400(ARV of $204k x 0.6 = 122,400 – estimated rehab of 20,000) NOTE: 70% of ARV only yielded 15.5K profitHML pays 90% of PP = $92,16010% Down payment $10,240 (Considering the equity as the down payment?)

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.