Its a great tool since it will prompt you with all the questions that you need to think about that you may not be including in your calculations.For example, you need to factor in how long you think a $100k rehab will realistically take you to complete (will it be 3 mos, 6 mos, 9 mos) and that will help you factor in all of your carrying costs such as interest on the borrowed money, insurance, heat, hydro, water, property taxes, etc.

He’s well-capitalized, bright, honorable, and all his projects were well above water.

Make sure any utilities that could be tied to the house (eg water) are paid. 

I'm Daan a 31 year old Dutch guy living in Vietnam.For the last 8 years I've bee working for theme & water parks in Asia.

On the other hand, also worried we won’t be keeping the property above water with rents reduced significantly.Still learning and know we will make mistakes along the way. 

A natural gas water heater will also function, especially if it’s got a pilot light (this will have hot water regardless of electricity).

The tenant called and said no hot water for early morning shower, so I inspected with plumber same day.

Scope Of Work included:Replace all water service linesSub metered electricReplaced all windowsRepaired roofRepaired rotten wood and sheetrockFull paint inside and outsideNew HVAC systemsFull rehab of each unit, new cabinets, granite tops, appliances, tubs and tiled surrounds, flooring, texture etcAdded small laundry room in rear of building with 2 sets of washer/driers Improved exterior lightingTrimmed one tree and removed 2 large treesNew Landscape sod, small trees and shrubs What made you interested in investing in this type of deal?

. $130,000 Rehab included:Replace all water service linesSub metered electricReplaced all windowsRepaired roofRepaired rotten wood and sheetrockFull paint inside and outsideNew HVAC systemsFull rehab of each unit, new cabinets, granite tops, appliances, tubs and tiled surrounds, flooring, texture etcWhat made you interested in investing in this type of deal?

we are looking at a $100,000 house updated but still needs about 10-12,000 worth of work but most of that goes into the water heater and new furnace that needs to be installed.