@Michael Noto so even if I fixed all the cap ex items repairing it I need to put more than 5 percent on repairs and cap ex? 

If your properties have fixed rates, you're in an area with steady rental demand, and you're cash flowing, I don't find there is much to fear about a downturn if you're doing buy and hold.

Do you know how to fix your credit score if it needs it?

Investment Info:Single-family residence fix & flip investment.

If it is a contract for deed be careful on the state as you are physically buying the property and have transfer taxes etc.Once it is boarded, there is a boarding fee of around $40 then you pay anywhere from $15-$35/month for performing notes (Depends on escrow and if it is a fixed or adjustable note).

I've got a couple of quotes and the equipment goes from $150 to $400 depending on model.

I want to learn Real Estate to fix abandon properties and turn it into a house where a family can't actually live comfortably.

Investment Info:Single-family residence fix & flip investment in Hallstead.

Investment Info:Single-family residence fix & flip investment in Gardena.

Just my 2 cents but I always go conservative in my estimates and run an analysis of what needs fixing and how long it will last - heating systems, hw heater, roof, appliances, carpet/flooring, plumbing fixtures etc