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.

TRY AGAIN:  GRM is PP/CSI or GSI * GRM = PP :sigh:If you're fractionalizing any of the numbers, you are estimating, not measuring.

Hope your estimates are accurate and under FMV

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.

Hi @Brandon Shaw Thats a good list already.... heres the File link for some checklists and other files the BP community has accumulated. https://www.biggerpockets.com/filesThis should help a bit by not reinventing the wheel as much.

Get more estimates.  

As a conservative estimate including taxes, insurance, 5% vacancy, utilities, and repairs we would have been netting over $800/month.  

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 FieldDownload BP’s newest book here some good due diligence in Chapter 10.

This is a rough estimate, but helps get you a guideline.It's been about a year ago, but another investor wrote 10 yellow letters in NLR and got a deal.

We have owned our current home since 04/2003 and the current plan is to keep this home as our first rental.Basic details on the property in question:SFH Built in 1986. 3 BR, 2 B, 1,694 SFPurchase price in 2003 was $124,900Tax value is $137kAppraised value (personal estimate) is $165kLoan balance is $57k (refi on 15-yr note in 02/2011, overpaid heavily to this point)Monthly P&I is $677Yearly taxes are $3,100Yearly H/O insurance is $1,000House is very nicely updated throughout (I've updated constantly since we moved in 13 years ago).