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!

My new bookkeeper initially thought the multiple checking accounts was weird but now she has come around to seeing how easy it is to get detailed reports and information about each individual property this way as opposed to having one operating account for all properties.

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

My name is Miki, and I'm a 23-year-old foreigner looking to make my first real estate investment in Pittsburgh or the surrounding Allegheny County suburbs.

However, you’ll need to handle all the paperwork, figure out which forms to file, and stay on top of compliance requirements like annual reports.

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.