And we're all just throwing around theories, as none of us have ever been to the states where decent properties at budget prices exist.Anyone have any real world experience between coastal and inland strategies?

I had the hood up on my truck, and they added that into the stipulation.

. , I think you're on board with a lot of people on the time management/estimating, expense estimating (how often are we all on time AND budget?)

Risk that you don't get it done, getting it done, on time, at budget, in a good workman like manner, free of other liens or encumbrances arising from your involvement and in marketable condition at the numbers you propose.How many deals have you done?

So just found this property with a suppposedly "motivated seller" here are the numbers: Proposed Sale Price 185,000 Gross Rents - 1800 Less 8% Vacancy Loss <144>Less Insurance <44>Less 10% repair budget <166>Less Tax <180>Less deb service <1055> (80% at 4.875, 20% HELOC from Primary Residence at 4.5%Net Monthly $2168.3% Cap and the agent I work with likes the property and appreciation potential.Both units renovated 2 years ago.Thanks!

If your lucky, you won't have a problem, but I always budget for it and I am right 90% of the time.

However, to get a truck to pump insulation up there is I"m sure a $1,500 job.

Someone once told me to make a budget of the hours in your life, just like you would one for your income/expenses.

Thanks Greg, here are the numbers:Purchase: $375,000 (short sale)Reno budget $75,000Comps on finished homes in the neighborhood are $700-850k and I have the ARV at $710k conservatively as the square footage of the house is on the lower end, but the lot is large.I have the profit under these assumptions broken down like:Sale Price : $710,000Initial Investment : $450,000Gross profit : $260,000Buyer agent 3% (we have our license to sell) : $21,300Investor PRR: $36,000Net profit : $202,70050% to Investor : $101,35050% to Me : $101,350Total to investor : $137,350Total investor ROI : 30%

@David Galvan I would look at it from a month to month basis, how much can you comfortably budget and devote to marketing rain, sleet or snow.