Which still leaves enough in reserves for a contingency budget. 2-3 months later, sell it and do it again or wait for the seasoning period, refi and do it again. 

That way PMI automatically drops off once you hit 78-80% LTV.I have a larger budget for initial repairs.

I'm a Referral Agent with Coldwell Banker's National Real Estate Referral Group and I interview my prospects to better understand their objectives, their budget, their geographic and other preferences, as well as their overall perspective.   

As state lawmakers tackle the budget this week, Gianaris said he will push for his bill to be approved, but stressed the quickest response would be for Cuomo to issue an executive order.

(As mentioned) Art of the deal and art of the comeback by Trump are entertaining and very enlightening reads.Best of luck to you!

Difference is the return amount is way different... 10% of $30K = $3K 10% of $200K = $20K You also have to look at your budget before making any decision...

My mortgage out here with land cost less than I was paying for a studio apartment out there LOL, Georgia is really affordable but the Midwest market, in my opinion, fit the budget and the strategy that I wanted to go for, great cash flow market!

You need to have an up front reserve budget of 9 months worth of P&I payments.

You're right $2,500 was way too low but the $4,000 in repairs per unit is more of a budget for small repairs like holes in the wall, painting a room, or cleaning a unit.. things that wouldn't necessarily increase the value of the property. 

2. 3% loan interest looks aggressive, I would budget 3.5%, have you been pre-approved to get a better estimate?