Running the BP calculators, we decided to put a total of 15% of rents aside (5% for vacancy, 5% for general maintenance, and 5% for capex) and it still came out to a 15% COCR with 25% down on a 5.5% 30 year mortgage after we put about $10k worth of work into one side of the property.

We are in the process deciding on kitchen appliance package and are stuck between two similarity priced packages, a Viking package or a GE Cafe package. 

If it is currently a renter you should screen and decide first if you want them as a tennat before you offer them anything.

Looking help deciding on my 1st deal. 3bed/2bath 2 story Home is older in an Indiana rural community. 

Hi @Ofir Rushinek, I've gone through several property management companies in the past 3 years so we've decided to just open our own.

The RE market is so competitive I decided to live a good ways away.Quite a run Patrick Reed has going.

I recently bought a two family home and the basement is fully finished without a kitchen but ample space  and I have been recently toying with the idea of renting the basement atleast as a room sharing however being a older home it doesn't have the kind of electrical capacity to accomodate a decent electric stove which has very high amperage requirements (atleast 150 amps -200 amps) besides I am not considering gas stove as an option.As is I can envision fuse tripping beside I don't have any 220 line,also it gets very cold in winter in the basement so I will most likeli need a supplemental heater in the basement so elctric upgrade seems like a must if I decide to rent it out.However I was wondering would it be a better idea to have solar panels to supplement my additional electrical needs? 

I am deciding on a few choices.

That's why you want to see the contracts.If you decide to move forward with the offer, make sure to spell our clearly (Exhibit B ) under what conditions, you want to purchase the asset.

We decided against the LLC route after finding exactly what you did, that loans are cheaper and longer without one, and we wanted to lock in low rates for 30 years, so we went the umbrella insurance route.