Vacancy, repairs, cap ex, and management.

Is 60k an actual repair number from a contractor or an estimate you have from your walk through. 

Instead of heavily discounting place and not building reviews on Homeaway/VRBO and Air why not go ahead and knock out the upgrade now?

I’ve been working with a credit repair agency for about 9 moths with lots of success.

Evening All, I am looking for an appliance repair guy that can help us with our western and north western Chicago suburb property management appliance maintenance. 

@Cody Skidmore it seems as if you have the deal already in writing i assume if so that means in it's not in a LLC name. trying to take advantage of the current benefits of those costs going to be associated with the rehab Its best you go ahead today and create your LLC you don't want to lose 1 day of your advantages.

I have been cleaning the house since the day after my tenants moved out and still every day I become surprised by finding something new, which needs to be cleaned or repaired.

I undertand the 50% Rule is there to cover vacancies and repairs, but just about everything in the property is new from the roof to the central air, and I don't foresee any major repairs for the foreseeable future.

I'm pretty sure the contract was for "as is" condition besides the repairs to be made via the quote. 

If it's an older building you will have a solid year or two of maintenance issues making themselves apparent (plumbing, electric and handyman type repairs).