On all the homes I bought in the last year (8) which average in cost at about $140,000 I spend about $25,000 in repairs.

Click on the "learn tab" at the top of this page, and you could be spending many hours on the Information that is available.

The idea of the 50% rule is that you'll end up spending half of the scheduled rents on the items listed above.

We could use additional monthly income for the next five years to keep from spending our savings.

All I can really do is make an offer at what I want to spend.

I don't do much if any demo work anymore but its really hard to say how much to spend or will you spend on demo without knowing exactly what has to be demo'd.

i do that for a living and it very depends on how many layers you got, what kind of wood is underneath, how much time and effort you want to spend and if you want to stain it or paint it afterwards.

Also, if we close on another home before the one year mark, but spend the remaining time renovating the home, and our current property is our actual primary residence during the renovation time, that would be on the up and up, correct?

., resident in the forums.Click on the "learn tab" at the top of this page, and you could be spending many hours on the Information that is available.Raymond

Im trying to learn as much as I can.. and going to the courthouse and spending the time getting each case records is a good learning experience.