. $0 repair costs as house is in great condition so I have estimated less than $1k to get ready for rent.  30/15 Balloon at 4.2% Financing.

(Big assumption, I know).I tried to find the Net Op income by applying a 20% vacancy factor, 2014 property taxes was $5,700, estimated maintenance $3,000 and insurance of $1,500.

(Big assumption, I know).I tried to find the Net Op income by applying a 20% vacancy factor, 2014 property taxes was $5,700, estimated maintenance $3,000 and insurance of $1,500.

My estimated would be $208,000 once its done.It was build in 2004 w/o occupancy ;sf: 1553; 3bedroom/2 bathroom .

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

@Cole Fisher Assuming you're planning to self-manage, I'd include vacancy and maintenance/repair estimates.  

If we rented it out, we think our total costs (management company, monthly payments, 3%/yr repair estimate, etc.) would average $2k in worst case scenarios and $1750 in good cases.We're thinking about renting it out for a year while we move into an apartment.

Chase has the note and they are estimating that the market value is between 68k-78k.

how much principle on the loans and what are your OPEX estimates for the property?

I hired a gal right away to do my lawn..So they are definitely trying to get money into the city any way possible, but in a way I guess it's good, lots of cops, getting rid of crime, and as long as we stay on timeline for our SOW, then they are ok with it...I also got mad at Safebuilt because they were telling me what I should be spending on my property saying the estimate I got from my contractors was too low, and I was like, that was what my guys quoted me, they were actually trying to help me so you don't demolish my investment, and those are the numbers i'm sticking too, if my numbers were so high, it's better for me to just not pay taxes, and walk away, you keep it!