Through an FHA loan, you are permitted to purchase from 1-4 units, up to various USD amounts, depending on whether the area of the planned purchase in considered floor, ceiling, or special exception.

Now, I need to know the exact usable space, wetland delineation, water & sewer hookup cost, mitigation banking, cleaning up the trees, construction cost as exact as possible.

Thanks Wayne - my wife was suggesting that route also, do you think it is worth it to clean out first?

They'll run the serials (if they have serials) and check if the firearms have ever been used in a crime.If they're clean and clear, I disagree on disposing of them. 

I provided a gift basket which contained the following: (call me crazy) Laundry Basket (new to hold the items and because no washer/dryer in unit but onsite)Small Tide Pods package (to get that starter load going)Cascade Platinum package for dishwasher (probably a years supply cost like $10 at Target)Swiffer new for laminate floors to keep clean ($20?)

Okay enough prologue, here's the deal:3003 Finley St, Fort Worth, TX, 76111 (United Riverside)4 bed, 2 bath, 1570sf, built 1951Asking $84,900Estimating $25,000 in repairs (roof is 2 years old) needs: vinyl floors, new countertops, appliances, HVAC, possibly re-wiring, trim/doors, and paint.Estimated ARV: $150,000 (I base this on 3 bed 2 bath comps ~1350sf only a few blocks away selling for $159k to $185k, roughly $100/sf to me seemed like a conservative estimate)Estimated rent $1400/month (I based this on Fair Market Rent chart for 76111 from section 8 housing which lists 3 bed at $1350 and 4 bed at $1720, plus several 3 bed 2 bath rentals currently available a few blocks away at $1350/month)Running BRRR numbers with $80k cash purchase, $25k rehab, refinance at $105k, %10 capex/repairs, 10% vacancy, 10% management fees led to a monthly net cash flow of about $200.Is there something I am missing about this deal that I need to account for?

Added backyard fence, new flooring replacing carpet.

Current market value estimates are based on Chase home value est and recent comps from realtors/redfine/ recent sales in the same complex.All 3 apts are well maintained with great tenants and have been worked on to the T so unless something really crazy happens I do not anticipate major expenses in the next say 3 to 5 years.Where it says full reno it includes shower and kitchen and new floors and everything.Monthly breakdowns;Brooklyn NYC - 400sqft Studio in Zip 11206Purchase price 2013 - $170k (plus $20k Full reno Includes new inwall ac + new Lochinvar tank-less gas water heater install)Current market value est; around $300k (2 mins walk to subway and 10 minutes from Williamsburg)Rental income: $1600Expenses: $295 (25 year tax abatement and very low hoa)2.

The rent needs to justify being able to maintain a clean functional rental though so do that analysis as well. 

Hello BP,Purchased a home that had a few indoor pets (2 dogs and 1 cat) with an increasing amount of people being allergic to pet dander I have my concerns.Although I'm going to remove all flooring and lay laminate throughout the entire house.