.$1,200 .........Landscaping..............$240 Total Fixed Expenses.......................$23,254 Repairs/Maintenance.........$3,360 Replacement Reserves.......$1,440 Management (6%).............$4,932 Total Variable Expenses.....$9,732 Total Expenses................................$32,986 Net Operating Income.....................$43,460 Lets assume a lower NOIin case the expenses areunder reported:..............................$40,000 Financing:Purchase Price..................$400,000 Loan Amount.....................$300,000 Interest Rate.....................5.20%Loan Term.........................10 YearsAmortization......................20 yearsAnnual P&I........................$24,158 Net Operating Income......$40,000 Debt Service.....................$24,158 Cash Flow.........................$15,842 Cap Rate...........................10.00%Cash on Cash Return........15.84%

I have been on the US Census website, the Bureau of Labor Statistics, the State of Illinois, and the Sangamon County website as well.

I didnt think I was going to come close to that figure but I am probably going to be around 9K when its all done - the numbers added up quicker then I thought :)So far we had a mold remediation done in the basement, painted the whole inside of house, replaced both toilets, replaced everything in the bath except the tube, upgraded kitchen knobs and door knobs, purchased appliances, changed all light fixtures, landscaping, gutter cleaning.I guess I was wondering what is the correct approach when rehabbing a rental.

.- Grass - add it in sprigs, seed or sod and plants outside, landscaping is a small cost but is the first thing people see.

But, primarily, the economic landscape has changed - somewhat permanently.I do have very strong interests in developing affordable communities with a primary target market focus on seniors and the retiring - especially military.It can be done with the methods I have that are based upon my historical experience.Just my thoughts.

Statistics won't show this but but if you know how to buy properties at wholesale the equity growth combined with principle paydown where leveraged is significant.

From what I can see from the pictures it needs a kitchen, bath, addition of a powder room, paint, clearing of landscaping and a good scrubbing.

Like I said even as a plumber I want someone else to do the plumbing and it make money, however as a contractor I know my downside.......I am going to have a landscaper quote me 1500 dollars and in my head I am going to say forget that!

I've developed solid business relationships with people I like to work with as well and this helps a lot.I utilize google maps, rentometer, trulia, zillow, online crime statistics, county web sites, court records, etc.

The National Center for Educational Statistics suggest that there are over 20 million students enrolled in college per year.