We manage a tons of properties and 40-50% expenses (not including debt) is very common.

@Dalton Tahy I have a friend that lives in Boston and he has no plans buy RE because it's so expensive.

Would be happy to connect with fellow investors and realtors.Hey Ketul, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

It is an extremely expensive lesson.

Can I use my personal credit cards for business expenses and somehow expense it to my LLC bank account?

Get with the builder and see the plans for the new houses? 

If you don't have an over-the-range microwave ask an electrician how much to add a circuit, it could be pretty cheap, but it might be expensive too.

Despite these, the successful sale at $355,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.

Awesome to read all of the posts and replies on BP...I can tell this is going to be a great resource for me.I'm new to the real estate game and see my first investment being in Spain (I'm moving there this fall and the plan is to be there long term.

You posted the raw data, just go one layer deeper to get to % returns to confirm your purchase price in relation to your expected return/profit/cashflow:$5,500 + $3,000 = $8,500/mo or $102k/yr GOI (gross annual rent collected)Knock off 25% for expenses and you are at $71k/yr or $5.9k/mo NOI on this $1.05M investment or holding this at a 6.8% cap rateWith your 7%, 75% LTV loan, you'd be paying $5k/mo for the loan, leaving you with $900/mo or $10.8k/yr in Cashflow.Now to determine your CoC return (Cash-on-Cash), take the $10.8k in CF and divide it by your equity-in, likely ~$300k, so 3.6% return on your cash/equity in this deal.