Then the buyer was paying closing costs, which I estimated around $11,000.

It’s good to run conservative estimates, especially since vacation rentals can be seasonal in some places.If freeing up time is one of your main goals, think about using a property management company.

If your purchase price (always the largest expense) plus the rehab estimate (the second largest) total no more than 70% of the ARV, the remaining 30% must cover your HML charges, agent commission, property and hazard insurance, property taxes, title insurance, escrow, staging, all else, and your profit.

I am estimating my home is now worth at minimum 615k but think it could be anywhere from 650-700kMy current mortgage payment is 3324 (that with PMI).

Regular preventative maintenance, typically during turnovers between tenants I take note, anything that will likely be a need to repair in the next 12mo I try to fix during my turnovers before a new tenant, but I also take note of anything that may be needed in the next 24mo and the next 5years and I estimate the cost and budget it into my reserves Best of luck with your self management journey!

I also look at comparable properties (comps) to estimate the property's value after repairs.I currently don’t have a real estate agent.

Hey @Shayan Sameer, how did you estimate your rehab costs?

Make sure you’re running conservative estimates on your rehab and refinance numbers, especially with fluctuating interest rates.Partnering with an investor-friendly agent who knows your target market well can help you locate solid opportunities and avoid potential pitfalls.

If you're going to keep it a rental, you want to "maintain to the neighborhood", NOT your personal preferences (or that of your siblings).What's the estimated cost of any required repairs?

Can someone who is expirienc with section 8 estimate what would  get ?