The number of homes for sale in the three county area around Sacramento finally had a decrease in November 2024.

Love the style/look

Budget wise I would like to stay below $220,000 for the house. 

think about it:-when you buy a property, you'll have a down payment, closing costs, rent-ready costs, costs to get set up with a PM, a commission to place a tenant... maybe some light repairs after the tenant moves in...

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

All this adds up to a lot of continual investment overtime.So, I look at like this: a good BRRRR will almost always be a good flip.  

The only things I have seen them take are comps and a full repair list when they are appraising the final flip.

Here are the details:- Current occupancy with a monthly income of $2,750- Purchase price: approximately $145,000 (putting 25% down, around $36,250)- Location: McKeesport, PAAs a relatively new investor with two properties in different states, I'm looking for guidance on how to analyze this deal.

IF you were to renovate a non-conforming unit, that unit would now need to be brought up to code.When or if you rent out the unit, you, of course, run the risk of the tenant calling the city and saying the property isn't up to code, which would, in turn, cause an inspection by the city and likely result in some violations that would require you to bring the unit up to code.These types of units are ALL OVER the city of Chicago and be rented out on a daily basis, but there is still clear risk associated with renting them out.

It is extremely difficult and managing all the trades, managing the budget and the schedule to get the project completed on time as the quality level you expect.