The roof, master shower, and carpets throughout need replaced, and although the property is structurally in good shape and the AC\HEAT is in good condition, the house has never been updated to today's modern look.I want to walk away with 40,000 in cash but I am afraid that after the projected closing costs of $13000 that include the realtors $9600 commission I wont get the $40,000 because it needs a roof, shower, and carpet.   

This was a big project requiring new electrical new plumbing bathroom addition new roof Windows, everything.

In my analysis, I'm assuming a 30 year loan with 25% down, 10% for vacancy, 10% for property management, 10% for repairs, and 5% capex (+ water/sewer, garbage, lawn care, and insurance).

Do not cut any corners to make something look better.Always do the math analysis and try to look at the prospective properties before you make an offer or at least have a clause in the sales contract that will allow you the time (about15 days) to make a detailed inspection of the property and possibly back out of the deal without a penalty that will hurt you too much.  

There's no greater group of analysts in my opinion than bigger pockets members.Here's an extremely nutshelled analysis of a deal my investment company is doing.The market is Lubbock, TX.

In order to finish up my market analysis, i have to have that data.  

She's started her job here at the university, he's still in another town finishing out a project.

I have been running some analysis on a bunch of different properties and will hopefully be pulling the trigger soon.

If a tenant moves out your 3% vacancy projection means you have 1.5 weeks to turn the unit and get a new tenant.  7% property management is low as well.  

I would also "stress test" your #'s when you are buying a property, as in can I still make $ if the vacancy rate in my area jumps 5% or you have to lower your projected rental income by $50-$100 month.