You may find it can take quite a while before you cover everything and can have the proper building permits, the construction and a finished unit ready to rent. 

My girlfriend and I put an offer in for a duplex in Highland Park Richmond for $10k below asking ($95k to 85k), seller pay closing. 2009 the roof was redone, all new plumbing, electrical, mechanical, the permits are all completed and approved.

Licensed p/c agent.As rates vary greatly from area, to construction, to tenants, there are too many factors involved that give you an accurate rule of thumb.What I've been using is $1,000 for SFR, $1,500 for a 2-4 family rental, and $2,000 for college student rental.I know that the rates won't be higher than that, so anything I'm off by is just gravy.

He have permits to work on the house, and the work is about 85% completed.

I've been listening to other podcasts from BiggerPockets as well and its got me debating on whether or not I want to rent to college students and have them as tenants.

Here's why ...FACTS:4/2 SFR in front with a permitted 2/1 "rec room" in the back.  

I grew up in Rochester and went to college in Buffalo, just wondering what your thoughts are on each of those markets seeing as you are right in the middle of both.

My son used the Virginia program 2 years after college, had to take a class on home ownership, and after paying for inspections and application fees, I think came to closing with like $12.  

Misusing this may cause your scores to drop.I did have a few late payments many years ago when I got out of college. 

My question is specifically around an upcoming continuing education class on wholesaling that is being offered by the WA REIA at North Seattle community college.