The quote was around $1,500 for 3 months (minimum) of full room furniture and furnishings for each room in the house - though I think we could get by less items as recommended by the rental store and get it down closer to a thousand dollars.

Here on BP through many conversations we have what is called the 50% rule.

They will return the escrow once the inspection comes back clean.So, does that mean I have to get a licensed contractor to give me a bid for the entire list of city inspection report list of problems or do they just want certain items that would require a permit or a license to perform.

If you are responsible for the fees to list the property on VRBO and other advertising sites, and are the one who takes calls for items that break or to provide help with turning on the TV, then 20% is definitely way too much.

The deals I'm doing in Iowa produce about $500 a month cash flow, 40% cash on cash return, but I look very hard at the big ticket items listed above because they can ruin your numbers quickly.

Things like Legal, Accounting, Marketing etc. can all be things that you would want to account for even if just as a miscellaneous/fudge factor.That being said with that giant vacancy rate and pretty healthy maintenance line item the numbers look pretty solid.

Years ago, we used to sit in a cafe and play the cash flow game for hours and hours every weekend, it stirred up some interesting conversation, and transformed many a young mind.

Very interested in the conversation amongst the best and brightest here on BP.

That may or may not be a new build, likely not.The beauty of buying the existing older home is that your inspection will uncover needed repair items and life expectancies of your capital items.

Do a bit of acting and see where the conversation goes.