![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/617247/small_1621493901-avatar-oramit87.jpg?twic=v1/output=image&v=2)
3 November 2016 | 1 reply
Klamath Falls, OR 97603Asking Price: 39,990Est ARV: 95,000Down Payment: 9,975Renovation budget: 25,000 (probably too low, lots of sweat equity)Expenses (monthly):Mortgage: 151.63Property Taxes: 97.25Insurance: 16.67Property Management: 80Vacancy Rate: 40Capex: 80Results:Total expenses: 465.54Net Monthly Income: 334.46Annual Income: 4,013Gross Yield: 24.06%COC: 10.97%Exceeds the 1% rule
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/653519/small_1696131393-avatar-ahsanl.jpg?twic=v1/output=image&v=2)
1 March 2017 | 7 replies
Utilities would be handled by tenant.Capex would be budgeted for 150/Mo.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/401152/small_1621449270-avatar-tori_s.jpg?twic=v1/output=image&v=2)
8 November 2016 | 8 replies
In the meantime, while you are reading, listening and learning - get down to a scorched earth budget.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/600581/small_1621493529-avatar-greyh.jpg?twic=v1/output=image&v=2)
8 November 2016 | 22 replies
Lastly, and probably the most important item is going through the Condo Docs and operating budgets and all that.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/341886/small_1621445416-avatar-edouardpierre.jpg?twic=v1/output=image&v=2)
8 November 2016 | 1 reply
@Edouard Pierrelooks like you have budgeted for most of the expenses.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/551386/small_1621492379-avatar-hadi_aj.jpg?twic=v1/output=image&v=2)
9 November 2016 | 5 replies
I am limit with my budget and hate to have a hard money or any kinds of loan in order to buy or to rehab a property.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/611283/small_1694806999-avatar-erins19.jpg?twic=v1/output=image&v=2)
7 November 2016 | 11 replies
How extensive is your rehab, what's your budget, and are you rehabbing to rent or sell?
8 November 2016 | 5 replies
I would love a property around the Portland area but that might be out of my budget for a few more months.