Unless HUD listings need enough rehab that they can get bank financing, you're almost always going to lose out to owner occupants during the 15 day period.

Wipe the wall down with the DIF solution and a sponge to remove excess glue.With Drywall its a bit dicey.  

There is no faster way to lose future deals with an investor or lose an initial deal, than with inaccurate rehab cost.  

No additional equity, possibly losing money out the gate if there are surprises, and you will further tie up more of your cash - unless you are using a HML and planning to refinance out. 

So if one were to post closer to actual numbers, then their properties would seem an inferior product compared to their competitors and they'd likely lose market share.  

@Jeremy Shinall Yes you can definitely lose your shirt if you do not know what you are doing.

They say "procrastination is the thief of time" and underlying it is usually fear of the unknown(i.e rejection by seller on low ball offers,losing money in a deal).Get educated and stick around successful investors who are actively demonstrating what is possible in rei

The locksmith said he liked them, but they could be broken into and if you lose the master key, there's nothing much you can do (he couldn't get in) except contact Kwikset.Also, since I have been in business such a short while, I am not really sure how often to project turnover (although for MX costs I assume once a year).  

Its nice to use depreciation, but you don't want to look like you are losing money. 

In the five years that you'd have to wait for option 2, you would lose out on principal pay down for sure, rental income and possibly appreciation if your market appreciates.Good luck!