I called my realtor and he still says no way 240K at best.Obviously good news either way but have some questions about bank appraisals.They have the basics of our rehab budget but it was as simple as 1000 dollars for bathroom 1, 2000 dollars for bathroom 2, etc.Does this just help us on the front end with the financing or are we under value on the house?

Our budget is now a little tight as my wife works a fraction of the time to stay home with our toddler which dropped our income a good amount (leading to the high DTI).

If we are going to reposition the property or it requires significant repairs we supply a capex budget broken out into line items.

I believe that I can add value right away to an experienced investor with my transferable skills as an IT Project Mgr - timeline/schedule mgt, budget mgt, resource mgt, issue resolution, task mgt, task dependencies, etc.

the ones with the best deals of course ;o)i'm in aurora, so maybe SE denver area (don't want projects in golden, boulder, etc) and not high end stuff due to budgets starting out.

In that case, your rehab budget better be fat because that place will eat you out of house and home.

I have a pretty strict budget for all 9 units so it may be that it is cost prohibitive to do anything but slap some new carpet down on the stairs and in the upstairs bedrooms and wait a few years before I change the layout.

We went moderately over budget on construction for a variety of small reasons.

(My budget is $1000/month).

Happy Thanksgiving BP community I was doing some number crunching on the Zillow calculator app this morning, and given my budget, I can afford, a max of $75k ( maybe $80,000 ) purchase price on a property.