Zip code 68104-Last years taxes = $1520-Purchase price and financed amount at 4.6% for 30 years = $120,000-Closing costs and funding fee (VA loan) = $9,200 paid out of pocket-Pretty much turn key property, minor repairs that I can do, less then $200 worth of work.

I was just talking with an HVAC tech who was repairing an AC at my rental.

ThanksThe basics of the deal:3/1 1246sf ARV $115k Repairs $20kAsking $57kPotential Rent $1000-1100

In saying that, depending on your level if knowledge, option 1 is probably a better one. because $3000 is not enough of a buffer to service the property if you need to repair things.

Any repairs and maintenance done while in service is deductible.   

I called 8 of them today and NOT one answered the phone and more glaringly one of them the number did not work.Just a gentle suggestion for those starting out at least and or until you have enough deal flow.. but I highly recommend you answer live.and of course double check that your phone is working.. 

I forgot to check the jacuzzi tub before renting it out recently and now the new tenant is asking me to repair the the tub (the shower works).My question is, should I make the repair?

I would raise Repairs to 5%.  

As for the reconstruction work.....since most of the damage was from flooding, I’m guessing most owners did not have flood insurance which means owners will be paying out of their own pocket.....leading to a lot of homes not being rebuilt/repaired and a lot of DIY repairs by homeowners, due to a lack of money.

Tenants sit on their phone and hit “inquire about this property” 100 times in a day, then never read the info we e-mail them and almost never answer our calls.