Haven't seen interior yet except peering thru windows but estimating about $35,000 to uncover and refinish hardwood floors, replace some windows, paint everything inside, lite kitchen updates, some new appliances, and light bathroom updates...budgeting to replace one boiler immediately.It's up/down 3 bed 1 bath on each floor, would rent for about $1400 per side in as/is condition, but could fetch 1750 per side if updated.  

Certain aspects of the lot make it less than perfect, but will also probably help to keep me within reality budget wise as I move forward building my first (and hopefully my 'dream') home!  

Hey All,I've done some mailers to absentee and expireds for potential lease option / sub-to deals, but the list is way too big to mail out to all of them for my budget, but I want to be able to mail to them several times.What criteria do you use to help narrow this down and really target potential sellers?

All are effective but my budget is running low.

Don't get me wrong, I personally bought a few homes sight unseen, but these were exceptions - I knew the area extremely well, my local broker has done multiple deals with me in the past so I could rely on his assessment, and I already budgeted $xxx to fix random things that could show up in buying a home sight unseen.I invest out of state.

If you're a wholesaler then it's a no brainer, you've got your marketing budget and then some.

It all depends on your level of investment as to what areas will be best for your budget.

For my 3 unit with 6 bedrooms and 3200 sq feet I pay $174 a month year round on budget billing

Normally this list would include the PI part of PITI (Princinple, Interest, Taxes and Insurance).TaxesSewer and WaterTrashHeat/UtilitiesHOACap Ex and Ops (I always budget at least $150 per month per roof)InsuranceMgmt Fee - as a % (general consensus here on BP is 10%. include it even if you think you are going to self manage)Vacancy- as a %. (8% represents 1 vacant month/unit/year)

It is easy to go over budget in so many ways.