Bank has a copy of the invoice with the prognosis and the $20,000 estimate.

Value Estimator – are these independent or from the bank?

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

I have not seen the interiors and some have been vacant a long time, so I am estimating high rehab of $100K or more.   

Next step is to get contractor estimates and submit proper documents to your LO.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

As of right now I am signing on to IRS.gov and making estimated payments of 18% for each deal I've done. 2) As far as my direct marketing, business lunches, supplies, gas and whatnot I am keeping receipts for everything.

I estimated I needed about 20 doors to give myself a bit of a buffer in reaching my goals.Try to lay out some numbers that you can shoot for.

I suppose if that happened on a regular basis then you would need to get better at estimating your repair costs.

For the 8 plex I estimate the net operating income is $22,706.19 for the year.