I like few of the properties But I am new in this business so can not estimate rehab correctly.

I would tell past self that accumulating wisdom is excellent but experience is golden.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

(squeeze pages, marketing, buyer's and seller's lists, repair estimates, a CRM, and all that other stuff you can't live without)... which by the way also interacts seamlessly, I have used Greg Clement's product, Realeflow, for years...

(common in this area)Rounded a bit, this is $2283/month.IncomeUpper Unit = $1450 (realtor said a conservative estimate would be 15 but I think that this would be more accurate although it is not rented out yet.)Lower Unit = $1150 (leased for another 4 months)Total= 2600$Income-Expenses= $317To be safe I have always been told to have a security margin, usually 10% of the income in case of vacancies or other issues.$317-$260= $57Is this the correct way in analyzing this property?  

It needs approximately  $10,000 to get it rent ready.Rent is roughly $900 to $950.Insurance is $72/monthTaxes are $150/ monthWater/sewer is paid by me and is estimated at $70/month.I estimate repairs, cap ex, maintenance and vacancy to be 36% total.No mortgage.That puts me at around $250 to $300 a month cashflow.  

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Chantz Ireland if the frame, sill and everything looks good why not just have a glass company get estimate on putting new glass in and reseal them.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookCouple good reads 9 Reasons You Couldn't Find A Buyer For Your Wholesale Deal Don't Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper How to Start Wholesaling: Getting Past The Education and Into the FieldYou might consider Niche or Specialized Housing like student housing.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.