Try to figure out how much it's going to need by way of repairs, lets say it needs cosmetic work only $5K and you want to make $5K on the deal.  

Going to be sending out a direct marketing campaign shortly with the goal of finding 1 or 2 buy and holds that need some cosmetic rehab.

One home that i am looking at is about 3 streets away from my own home. its a 2bdr 2bath with a basement and an attic that maybe able to be converted to a 3rd bdr.Base on my lay man analysis with my realtor, it looks like mostly cosmetic work,with the bathrooms, floor and kitchen in decent shape but there is some mold on the lower part of the walls in the basement which i figure was as a result of some kind of flooding.

(Caution: when incorporating rental work into your routine, individual results may vary.)Rental No.3As we were making supper, the call came in that the toilets were backing up into the tubs.

If you don't have routines in place, you will be constantly trying to "put out fires" and catch up on items you forgot to accomplishIt's amazing to me the amount of agents who do not have some sort of routine and system.

I have done primarily buy and hold investments, some were fixer uppers but it was all mostly cosmetics.

The project is quite simple and will take less than a month (mainly cosmetic).The seller disagreed with the entire rent strategy from the get go and basically told me (in private) that she doesn't want them to pay under market value rent b/c they've lived free for almost a year, and at $800/mo, I won't be able to get them out without a fight. 

Everything else is cosmetics.

Would any agents/brokers care to cover their daily routines?

I've been doing the the "Miracle Morning" routine for quite a while and it has been absolutely fantastic.