@Johnny Kang the property value over 500k, and i believe the repair cost at least 100k. that all i know. right now, owner already moved, and i don't see them again.

The home is in need of some repair and would not qualify for a mortgage in its current condition.

We are looking at the higher comps in the neighborhood since most of the house is in great shape and the repairs we calculated was to bring the kitchen and master bath up to higher standards for the neighborhood.

All need a some repair, mostly minor age related wear and tear, but some need a lot and a full rehab on these would be more than the value of the trailer.Anyone done this before? 

They also have many if not all of the features that QBO has to offer including bank feeds (will automatically import transactions that hit the bank), Rules (you set a rule and when it recognizes an expense from lets say "Home Depot" it will automatically code it to "Repairs & Maintenance", and also has Classes to code transactions to the proper building.  

If you just pick any one of “hot areas” and get started and focus in on that one area or a specific Zip code, you should see results.... unless that area is just too saturated with direct mail...... or pick a few areas and just be really specific with your list......... if you can get a property under contract for 70% of ARV minus repairs you’ll have a deal 

If you are using the 1% test (rule), that is based on the total price including repairs.

I spent the time on the phone with the planning department and got some good information.

It uses cell phone signal.

More specifically, when you’re on the phone with your potential tenant and you finish your pre-qualifiers, you set up an appointment, THEN you ask them one important question, “will you call me if something comes up and you cant make it?”