Half that for a minor componet. 5k to cosmetics (carpet, floor, paint, fixtures & covers, minor landscaping) So a cosmetic fixer that needs a bathroom would be 5k to spruce up and 5k for the bathroom.

To protect myself I require a $3000 - $4000 down payment in case of default to cover expenses till I sell againThis money is not spent on anything and is placed in a high interest money market account only spent in case of emergency for that property. .I keep taxes and insurance current and add that money to their monthly payment.

Will an umbrella policy adequately cover me if not?

Would it make financial sense to spend $2,000 to cover the home moving costs of a potential resident?

Wells Fargo just informed me that I need to have a commercial loan to do this and that they would call for full payment if they found out I moved it.Clearly, this is my mistake for not adequately researching this and ensuring my bases were covered.

I listen t o podcasts all the time that cover current events and different systems that people are using to makemoney now. look on itunes or whatever site you live and look up real estate podcasts as there are some really good ones!

Now I know most of you guys starting out shoot for putting the least amount of money down out of pocket and try to get the rental flow to cover everything needed.

Until you get more of a handle on your unit pricing, you could just establish an hourly wage that covers your time, profit and overhead.

=PI didn't know I even had to cover the "Wood Destroying Organism Report" in the contract.

You may be able to get a slight premium, but probably not enough to cover the extra cost.