Great work, and I hope you find continued success!

While they are legal from a building department view point, if there are complaints from neighbors about you renting it long term, it could create issues with zoning.  

BK, foreclosure, short sale, liens?

I don't remember the exact term, but there is a category of insurance providers...

This was a short sale / foreclosure. 

High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06% 

One I know is days on the market but I would like to know a strategy more in terms of the work needing to be done on the property.What is the typical rehab budget for a full gut versus a fixer-upper that needs some updating such as for the kitchen, bathroom, new carpet, roof, and/or driveway for example?

They already agreed to the sale price and payment terms.

@Justin GarrettWould love to have you at our live event in October talking about your success with the mom and pop strategyBTW it was all youKnowledge plus action equals powerBest Gino

I became successful through manifesting my goals that I set for myself.