Either start showing it early and possibly reduce your vacancy time, or wait and show the finished product.Personally, I like to wait until the renovations are done if it's pretty bad in its current condition.

To get my numbers, $100/door/month and 15% ROI (Cash on Cash), I'd need to be into this place for 99k: Mortgage Rate 5.00% Length of Mortgage in years 30 Monthly Mortgage payment $398.59 Taxes $239.75 Sewer and Water $133.33 Trash $150.00 Heat/Utilities $- HOA $- Cap Ex and Ops $150.00 Insurance $166.67 Mgmt Fee $200.00 Vacancy $160.00 Total Expenses$1,598.34 Sorry for being blunt...

In the case of my properties, they can be at 50% vacancy and I still make enough to pay mortgage/insurance/taxes.

I was kind of hoping to stay around 500-600k Max, I am a first time buyer and want to ensure Vacancy isn't going to rape my bank account.

High vacancy and Expenses range from 50-75%.

Most of the vacancies have original yucky wall paper and old dirty carpet, I'll be glad to show you mine when done.

You are usually competing with lower end apartments and so consider what you will have to charge to cover the $806 per month + maintenance, vacancies, etc.

Add in vacancy and management at 10% each and it's still cash flowing around $150/door/month, right?

For MFR, use a conservative vacancy rate and make sure you're ok floating it at that price as well.And my biggest piece of advice is, if your gut tells you something is wrong or you don't feel comfortable (for whatever reason), listen to it.

Had 1 day vacancy..