I did it within 90 days (Sort of) Items Standard Cash Flow Actual Cash Flow Purchase Price $47,000 $47,001 Repair and other costs $6,500 $6,500 Total Cost $53,500 $53,501 Cash to close $13,375 $53,501 Monthly Rental $920 $920 Mortgage (25% down 30 years) $185 $0 HOA & CPA $38 $38 Insurance $50 $51 Property Tax $142 $142 Mgmt (10%) $92 $0 Vacancy (5%) $46 $46 Repairs (10%) $92 $92 Sub Total of Monthly Maintenanth $644 $368 Monthly Income $276 $552 Annual Income $3,310 $6,621 Cap Rate (Net income / purchasing price) % 6.19 12.38 Cash on Cash % 24.75 12.38Photos.Lessons Learned#1.

There are some items to consider when buying turnkey.

Being approved, being safe, getting items fixed, etc.Granite seems like overkill.

And sometimes we had to return after a tenant was in to do some items but they never minded as long as they got in the door. 

I have had one's come in like you said look at their one item and leave..

The side that has more information about the item to be negotiated and about the relevant market or industry has more power in the negotiations .

You could go for wholesaling, look for some items to get under contract and also while doing that learn about the cost involved with rehabbing.  

Just voluntary donations to help cover the cost of the snacks.If anybody plans on going shoot me a PM so we can meet face to face.

To give every one an idea my current lender is give me a 20% bonus for my non taxable items which in San Diego is quite a substantial sum of money.

I am going forward with evictions , once the 45 days are up on the MH please get your bids together for the items in the house to be removed .