Purchase Price: $287,000Rehab: $17,000Loan: 15% Down Owner Occupied Conventional Loan, 5% Interest Rate 30 Year Fixed.Current Rent Roll: $1750 (Owner Occupied) $3500 upon moveVacancy/Maintenance/Management: 5% for each (but I do self manage) * Rehab included new kitchens (cabinets, hardware, appliances), paint, concrete pad in the back, new bathroom fixtures, light fixtures & outlets swapped

I open all the cabinets and take a big sniff.

I’ll get a few more of the cabinets we replaced and the damaged areas we had to fix. 

Dont think 50 bucks , it will be a couple hundred .

We are hoping to rent it out once everything is complete and cashflow a few hundred dollars per month.

One was fully occupied the other vacant.The vacant property needed a complete turnover, deep cleaning, paint, new cabinets countertops, and other small odds and ends. 

That will leave your very close to the profit you'll be making and usually within a couple of hundred.

(Cabinets and countertops were contracted out.)

@Zach VanHarnI've been investing in STRs in Mexico for a few years now and have responded to hundreds of posts on the topic.

Not everyone has, as some have suggested, several hundred or especially thousands of dollars sitting in their bank to take care of "unexpected emergencies".