There are $100 down HUD homes where a qualified owner occupant can put down $100 for a property and receive FHA insured loan.

For the moment everything assumes 100% financing)* Repairs (default is $2000)* Vacancy (default is 10%)I also make sure to include HOAs, management fees (which vary based on property type), and insurance (which also vary based on property type, and are just estimates).The list is up to date as of this evening (June 6th), but it's static so it won't be updated unless I update it.

It was hosted by M.I.P and we toured properties, meet lenders, insurance agencies, and other provider doing business with M.I.PMy Criteria/Situation: 100K Purchase priceGood working-class B, B+ area3/2/brick houseWas looking for 1% rent to purchase ratioConventional financing with 20-25% down paymentUtilized 401K loan for down payment and closing costsThe Purchase:During the M.I.P Property tour in May, they handed out flyers with properties for sale reserved for visitors that weekend.

My fear is that I'll have to rip up the house and repipe the place when right now it's pulling me in good cash flow and has stable tenants. 

Nearly everything frankly - payroll, R&M, insurance, G&A.

Here is an example: SFH property listed for 135k that need little rehab it is on Embarcadero  Houston, TX 77082. it is 1800sf 3 BR and 1.5 bathrooms. the numbers are:P and I 562 (based on 30 years loan and interest rate 4.5)HOA 14Taxes 314 insurance 90so this come to $980 and not taking into consideration PM, vacancies, CAPeX, flood insurance. 

Brian Kraft I think what you have to start with is variables that you know: what they rent out for today, property taxes, vacancy for the area, insurance, PM fees, etc.

I was thinking of buying it and making some improvements to attract more stable tenants.

Does it have high turnover, constant late payments, nice and stable?

You could do that or buy a 1 to 4 unit home and get a "house hacking" loan that is insured and only requires 3 1/2% down payment and usually about one year minimum move in/occupancy in 1 of the units.