These will be a $85,000 distressed property with a $102,000 Rehabbing cost and they after repair value would be $255,000. 

Vacancy is costly and while there is no way to guarantee one tenant is going to stay longer than another, talking to people and learning a little about their life and situation should give you some clues as to how long they might stay in your place.The probability of you getting a home-run tenant right off the bat is pretty low. 

They are currently in stage 3 of the development and are offering 10k incentives Builder and 2% Seller(towards buying down the interest or closing cost), home comes with warranty and appliances. 

I was just under contract for a duplex that needed 2 repairs prior to closing that would have cost in the $7500-10,000 range.

I would like to express my gratitude to Jack and Russel, who have been gracious with their time and provided valuable guidance related to the DC Metro area.My Strategy:- Invest in rental properties below $400K with a Cash on Cash return of over 6% and an ROI of 7%- Consider flipping opportunities for properties costing more than $500K with an ROI of 7% or higher- Prefer to stay in the DC metro area but i understand that its a tough market for investors.

Both of them are by the bedroom and this new one I just completed a master bedroom build added on to the back of the house with a private entrance for myself so I’m currently renting out the other 3 beds.Which cost me thousands more than I expected due to contractors not performing like I had expected etc etc. 

You will eventually have a house earning $1,000 a month or even $1,500 a month and the property value will be $200,000 more than you bought it for.Instead of incurring more costs by selling and then buying a new property, focus on keeping this one forever and saving up for the next purchase.

Have you owned horses and understand the liabilities and costs?

There are some new hits that were recently announced from Fannie Mae for the LLPAs (loan level price adjustments) that will increase the cost/rates for second home financing.

Factor in startup costs for furniture and marketing.