I would make $300-400 since I'll be managing the property.Cons: It’s a developing area, still feels like in middle of nowhere, and schools are not good.Pros: 20 minutes to downtown, cash flows, new construction so all the warranty and no repairs or expenditures for a long time, and potential for development.Please let me know your thoughts, I feel this seems like a good investment.

I would wait until you have enough capital expenditure for possibly converting the home to central A/C adding value to the home.

would expect in return from a deal; how much expenditure per month would go to pay the investor back.

With businesses cutting back in general, even if the country reopened next month for business as usual, businesses will be cautious about committing to non-essential expenditure like conferences.As for tourists, with so many people country wide losing jobs and others having been furloughed or taking forced pay cuts, consumer spending is going to fall off a cliff.

Had I of held the properties for longer, I believe I would have just gotten the same results but I also would have eventually gotten several large capital expenditures to come up as well such as roofs, plumbing, electrical and more.

., if any.Copies of the last three years’ profit and loss statementsList of all capital expenditures in the last 3 yearsDate of systems updates, if known (plumbing, electric, roof, HVAC) Preliminary Title ReportCopies of the most recent title insurance policies, if any.

Had some other capital expenditures and am a little lean on cash and want to borrow 40-50% of it's as-is value to finish the flip, but everyone wants it in LLC and I would have to pay transfer tax to do that.

I'd add in Capital Expenditures to the expenses, unless your HOA covers replacing items like a fridge, a door inside, etc.

I recognize that repairs are deductible in the year of and capital expenditures must be depreciated over 27.5 years or on an accelerated schedule.

Below are the expenses I am carrying:Expenses:Property Taxes: $1,626 annually ($136/month)Insurance: $714 annually ($59/month)Maintenance and Repairs: $900 annually ($75/month)Capital Expenditures: $960 annually ($80/month)Utilities: $0Advertising/Administration: $300 annually ($26/month)Property Management Fee: 10% of gross income = $1,200 annually ($100/month)Tenant Placement Fee: 50% of first month's rent = $538 annually ($45/month)Turn Reserves (Cleaning): $500 annually ($42/month)BreakdownRental Income $1,075 - 7 % vacancy = $1,000/month ($11,997 annually)Expenses = $561/month ($6,737 annually)Expenses/Gross Income = 59 %For the record, when I called the County Assessor's office, they told me the assessed value is $81,300, and I would be paying 2 % as an investor (number is carried above).