Condos are less expensive to purchase, but the condo fees increase your monthly costs. 

Maybe I need to update it to say @ Seasoning is not an issue “ 🙂 The problem is me getting a loan 75% of appraised value, and it’s really not a problem it’s just that my go-to banks are doing 75% from PP + cost.

I was primarily interested in pooling resources with other rental property owners to take advantage of economies of scale and divide the cost proportionately among property owners. 

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

Purchase Price: $39KRehab Cost: $32KARV: $100K  As you can see from the pictures, We redid mostly everything here; Windows, doors, flooring, kitchen, bathrooms and drain tile in the basement. 

I am looking to see if anyone has any suggestions on how to get an accurate number on rehab costs.

General rule of thumb for hard money is 25% (plus closing costs) down especially if you don't have a lot of experience.

I'd recommend the latter for someone starting out-- you could use a 203k loan which helps you finance rehab costs into your loan.

A lot going on here @Russell Taylor (warrants more than a blog response) I would find a real estate specific CPA who is willing to take a legal yet effective approach to lower your tax burden

If you're looking to do a fix and flip - you'll need to come to the table with at least 10% towards the purchase price + closing costs.