Maybe offer some help with moving expenses or guarantee a full refund deposit if they're out by a certain date.

It's not that expensive and it helps maintain the property and eliminates complaints from my tenants 

Assuming a 6 month, 100% loan for the purchase price at 11% per year plus 2 points, as well as 15% interest for the full rehab, here is an estimated P&L:Don't mislead yourself by focusing on the spread between the purchase price and ARV, as many new to the business seem to do, ignoring all expenses.

Late January, we get it rented out again.Between the process of eviction and the slowdown due to the holidays, it seems entirely possible that we'd miss out on 3-4 months rent by going with scenario 2, not to mention the expense and hassle of the eviction itself. 

Total cash flow after expenses is $9200/yr.Would YOU:A.

Some things I would advise on would be to saving for expenses like CapEx and Vacancy. 

Short term (1-2 years): generate $2,000 cash flow after expenses per month (child care costs)2.

Good Morning Everyone,What is the best accounting software option out there for a realtor to capture expenses/earnings and to do taxes? 

If you have to fend for plumbing and electrical won't that take most of the expense?

There is so many approaches it can be overwhelming.