@Tim Shi I use 5% as the figure when calculating on a purchase but then once I own the property I just build up a big reserve to work from in case something goes wrong.

View report*This link comes directly from our calculators, based on information input by the member who posted.Good morning!

View report*This link comes directly from our calculators, based on information input by the member who posted.This will be my first investment property.

View report*This link comes directly from our calculators, based on information input by the member who posted.

That is really horrible compared to what I should have done.I'm already experienced with investing in multi-units and had I invested that same $1.2 million into apartment units in California where everyone, including myself, thought rental units were far too expensive three years ago, that $1.2 million would have appreciated by about $800,000 vs the approximately $350,000 we earned in Las Vegas.So, we sold all 5 properties in Las Vegas and purchase a 6-unit apartment building in Hawthorne California and the building is exactly 5 miles from where we live vs. 280 miles to manage the properties in Las Vegas.Now that we own 1 6-unit building vs. 5 single family homes the profit and calculations is a whole new ballgame.

Learn to do the math and do the calculations that show how much profit you can earn over 5, 10, 20 and 30 years when you raise rents and the rent increases increase the value of the property due to the Gross Multiplier.

Hello All,So I'm just getting my reps in analyzing property using BP calculator.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Is there a rule of thumb when it comes to estimating rehab costs on the calculator that is on the safe side? 

Yep - try to separate personal assistance (which might be necessary) with business decisions (which has a cold, calculated bottom line).