I have a minimalist budget $10k. 

Klamath Falls, OR 97603Asking Price: 39,990Est ARV: 95,000Down Payment: 9,975Renovation budget: 25,000 (probably too low, lots of sweat equity)Expenses (monthly):Mortgage: 151.63Property Taxes: 97.25Insurance: 16.67Property Management: 80Vacancy Rate: 40Capex: 80Results:Total expenses: 465.54Net Monthly Income: 334.46Annual Income: 4,013Gross Yield: 24.06%COC: 10.97%Exceeds the 1% rule

Utilities would be handled by tenant.Capex would be budgeted for 150/Mo.

In the meantime, while you are reading, listening and learning - get down to a scorched earth budget.  

Lastly, and probably the most important item is going through the Condo Docs and operating budgets and all that.  

@Edouard Pierrelooks like you have budgeted for most of the expenses.

I am limit with my budget and hate to have a hard money or any kinds of loan in order to buy or to rehab a property.

How extensive is your rehab, what's your budget, and are you rehabbing to rent or sell?

I would love a property around the Portland area but that might be out of my budget for a few more months.

Finalized my budget.