If older, you're definitely going to need some additional photos/inspections.

The operating cost includes: tax, insurance, and HOA (covers exterior maint, roof/foundation, lawn care, and all common areas).

It needed new kitchen, new bathroom, paint inside and out, new kitchen, new floor coverings, new fence and small roof repair.Deal was structured as follows:$301,500 purchase price$20k downimmediate possession6 months to pay the balance$45,000 repair and closing costs$425,000 sale pricesale achieved 3mos 1 week after possession (was help up due to xmas)$78,500 net profit

The overage came from spending more on flooring (bought LVP), Plumbing drain issue, added 2 parking spaces, and redid the roof.

Hi allA year or so ago we needed our roof replace and so we went through Renew Finanical.

I went in and repaired the property and did the following updates: - All new flooring throughout entire house- New stainless steel kitchen appliances- New Paint on both interior, exterior, and basement- Updated landscaping- Minor roof repairsThe property appraised for a little under than what I expected, but I gained a few insights from the initial BRRRR.

Look at the roof.

He’s going to need his deposit refund to move and per FL law I can only give him back the entire deposit OR keep it all for up to 30 days while I get it  fixed and give him an accounting of what’s being kept  If I do that he won’t be able to move out as he won’t have his money. 

As long as the roof has enough life you can be fine with 3-5k to start in my opinion. 10k is also extremely high for closing costs on a conventional loan...

Hey Marlina,Larry with Southwest Roofing did a great job on all the siding on one of my 22unit complexes in Springdale.