Scott's book The Book on Estimating Rehab Costs, it's quite good: https://store.biggerpockets.com/products/the-book-on-estimat...3) Always build in a contingency to your rehab estimate, I usually go with 20% over what I expect it to cost4) Make sure to account for holding costs too of courseI hope that helps

While it is true you could sleep 6 with a K and 2 Q's you can also only accommodate 3 single adults. 

He lives in South Florida and has about 7 properties all rented out from single family to multifamily.

Account Closed thank you for the information.

I have a single rental property in CA which is paid for.

Then you'll close your BP account and go into hiding, not wanting to admit your failures and will forever curse real estate investing as just an alternative to gambling.So people underwrite to decompressed exit caps because they want to be the guy in the first example. 

Lack of experience or qualifications, poor communication skills, Inadequate screening processes, lack of transparency in fees and charges, negative reviews, high turnover, lack of proper accounting/financial management and unprofessional behavior to name a few.

I'd highly recommend starting out with a house hack - whether it be a large single family in a good area or small multifamily. 

I will not hold anyone accountable for the advice I consider or actions I take, hit me. 

“Guaranteed” Rent - Parents will guarantee every single lease we sign.