So, unless you have a home run deal (PP 60% of ARV - Repairs), you will likely leave part, if not all, of your money in the property.I'm not saying it's impossible to achieve, but it's always good to have decent expectations so you don't give up after your first deal.Best of luck!

I am an active investor and part of our service is providing guidance to our clients, helping to identify good deals and redflags for bad deals, we can help with deal analysis, and with recommending vendors and contractors as well.

In the United States, the Internal Revenue Service (IRS) provides a tax exclusion for capital gains on the sale of a primary residence under certain conditions.

If you’re able, take a tour of the house as if you were a potential buyer and nitpick everything that’s wrong with the property and prioritize what repairs will return the most value.

They are forcing major inspections with the idea of forcing them to repair any problems found no matter the cost or evacuate the building.

Repairs & material are quoted as 550$ to (a) use proper sized lag bolts to secure the back deck to the ledger board and (b) install 2x4s to sides of railing to reduce gaps. 

https://coralandcoco.com/property-management-service/

Account for repairs, maintenance, cap ex, etc.

Just let me know how I can be of service.

I’m curious what the large HML’s require.All of our borrowers could probably afford minimal damage to all their homes, even if we had to step in and help with the repairs.