We pay for heat and water.

Closed December 1, and had no heat.

The roof, master shower, and carpets throughout need replaced, and although the property is structurally in good shape and the AC\HEAT is in good condition, the house has never been updated to today's modern look.I want to walk away with 40,000 in cash but I am afraid that after the projected closing costs of $13000 that include the realtors $9600 commission I wont get the $40,000 because it needs a roof, shower, and carpet.   

(Yoga-Zin moments...where you see the light)What are the instrumental tools you use in your business that got you there?

@Jen TeskeI don't know the area so I can't speak about the market you're in, but just by looking at the #s, you're missing a few things: Water, Sewer, Heat, Electric, Gas, Trash, Lawn/Snow removal, Cap Ex, Property Management (even if you're self managing, this needs to be factored in if you want to scale), and although you did include vacancy, if a real vacancy were to occur on a SF you'd have a 100% vacancy, making it negative cashflow since you'd have to cover all the expenses, not knowing when it'll be filled again. 

How to analyse the rehab work required ,based on sq ft , no of roomsnterior FeaturesUnit Information# of Units: 1 Room Information# of Rooms: 7 Heating InformationHeat Type: Forced Air Basement InformationUnfinished Basement Sq.

Heat and hot water included (no individual meters).

welcome to BP @JD Thornock , just make sure you do your due diligence here in texas, cause you can get burned here to, not including the summer heat

Would love to hear of any other great tools out there.www.rentometer.com - compare rent for a specific address to the surrounding areawww.rentlingo.com/where-should-i-live - heat map for desirability of specific areaswww.areavibes.com - provides info about desirability of areas. 

Also see if landlords are paying for heat/water, etc.