The Covelli Center has truly brought new life to Youngstown, a gorgeous new Hilton was built nearby, and they've recently broken ground on an outdoor amphitheater.

But 15% minimum is what you should expect.

I will continue writing it and you can expect a link to the blog post on our site tomorrow morning.

I like CapEx at 10% until I have the property inspected to determine the current condition and life expectancy of all major components and appliances.  

That looks about right for a 20% down conventional Fannie/Freddie loan.You might be able to get the % down a little bit but I'd expect to be mid 5's.This is assuming it's an investment property that you won't be occupying.I'd call some of the smaller local banks and credit unions in your area.

I have a spreadsheet to track how much I accrue/set aside each month based on the rents I expect to have coming in.My banks let me have these accounts for free with some nominal minimum balance requirements.I have separate accounts for:Working Capital (main account, rents come in, mortgages go out)CapexRep/Maint/VacancyTax/InsuranceCashflowTenant deposits (for self managed properties)https://www.amazon.com/Profit-First-Transform-Cash...

You are in "business" as far as the IRS is concerned because you are rehabbing with the expectation of a profit.

Resident shall ensure that large boxes are broken apart before being placed in trash containers.

It is kind of annoying that the sellers agent would expect you to pay their fee for representing the seller.

I    am trying to network as much as I    can, but I    am finding this to be much more challenging than I     expected.