as in noi devided by  down payment plus repairs.

That seems like a large amount for a condo that only requires repairs within the unit. 

I think to start when we are able to get our first property we would be doing the labor ourselves of fixing and repairing since I can do it under my contractor license.

4 Plex, 3686 sq ftPurchase 270kRents $700/unit ($2,800/mo)Repairs = $0 (Advertised as turnkey) Will negotiate after inspected if neededPITI = $1,475Vacancy = $140 (5%)Repairs = $140 (5%)Capex = $140 (5%)Management = $280 (10%)Garbage/Lawn = $150Water/Electric are separately metered.Am I missing anything?

DO NOT TRUST THEIR ARV OR REPAIRS.

The HVAC was repaired by noon on May 1st.

It started with a $6,000 mistake...Late Saturday, enjoying one of my much needed nights out, I received a text from one of my tenants stating that the A/C unit was just blown out..I wasn't concerned except that it was a 2am text & call and that the next day was Sunday (weekend service repair calls are always more expensive).As summer approaches, I knew that this was a situation that needed my immediate attention...I immediately had one of my managers collect some quotes for a new unit and labor (never use Yelp!

I drove a beat up old car and did most of the repairs myself.

I’ve asked after a year of seasoning will they consider the appraised value since we will be repairing the property as we go- I got a maybe response.I’ve read that many people prefer interest only on seller financing and I’m just tying to understand why...

Not an expert by any means but I stay away from flooded homes for now because no one is really sure of what the after repair value will be.