However, we want to refinance right away, pay off the LOC + repairs, and take some cash out to purchase more properties (BRRRR method). 

I also factor the insurance, hoa dues, garbage collection, snow and lawn, utilities, advertising, maintenance/repairs, CapEx, and property management.

Hello to all....i have been searching for a home since about December. My partner who has the majority of the money is flaking. Leaving me to make a move that i am not sure i am ready to do. I've got about 10k and wan...

The 203k consultant will basically set a reasonable timeline for the repairs to be complete.

What’s the after repair value?

I have done flooring, tile patios, hot water heaters, masonry work, molding and concrete work on personal projects so I know some about cost of repairs and timelines of projects (Always over on both from my experience).

If I were a betting man, I’d guess that opex would be closer to 50% given a lot of expenses are fixed (lock change, carpet cleaning, owner paid utilities, appliance repair, just to name a few) regardless of a unit renting for $500/month or $800/month.

You'll lose your money to turn over, repairs, and increase your risk of getting taking advantage of.

Kevin's Attorney called Seller's Attorney who did pick up the phone at that time and Seller's Attorney claimed he was sick with the Flu and was not in the office to take care of the Cancellation.Kevin's Attorney, a week ago, was tired of waiting and then sent a Demand Letter in Writing to Seller's Attorney to promptly return deposit.Kevin went to find out more about the Seller's Attorney, specifically if he had any problems.We searched a public Court Website and found out that the Seller's Attorney was sued by a Client that was Purchasing a Property.

Getting into investing while serving overseas can be done but you will expect to pay a little extra money in repair or renting it out just because your not local.