Contract price is $225K and it may need about $2K in fixes.

I am under contract to buy my first house right now.

 $1500 for new stove vent, new ductwork for kitchen, and gas drop for stove. 12x13 = 156sf so at $8/ft, your flooring budget is $1250.  

Buy owners title insurance.If you want out, read your contract concerning Title Defects.

@Derek MizysakIf you don't have a signed contract, you don't have anything. 

I have a contract on a house. 

I closed on my first deal in September (Quadplex and a House) and am under contract now for an 8 unit apartment complex.

., marketing, subdivision costs, HOA formation and reservesHard costs - GC contract costs, overhead, profit, insuranceDevelopment impact fees, permit fees, school fees, park fees, etc.Loan costs for const. loan, interest carry, loan fees, appraisal costs, lender legal, funds controlDeveloper feeEquals (what's left) - developer profit, normally shared between equity investor and developer. 6.

Here in NY I can't even get one house under contract, so I am not worried about getting 3-5 going.With that said, my biggest hang up was the fact that the deals I found would have been less appealing deals when factoring the loan fees and costs.

What are the utility expenses (electric, gas, water, sewer, trash)?