By the way, I am not a live or die fan of these two rules, but when talking about properties for buy and hold below $100k, they are very close to accurate.

Does all this look accurate?

SFRs require more maintenance than condos and if the tenants don't/won't do the lawn care, guess who does it or pays for it.I guess my point is that a blanket statement about condos being a bad investment just isn't accurate.

Answers aren't always 100% accurate though ...

Josh,I believe your analysis to be accurate.

Spend a few weeks between Home Depot and talking to contractors, and you'll start to get a good idea of how much it costs for various aspects of a rehab.While you can certainly talk to a GC to get prices, the problem is, he's unlikely to break down all the materials costs and he's most likely going to mark up the costs for each of the sub-contractors, so it will be hard to get an accurate set of prices (unless it's that GC who ends up doing the job).

It's just not accurate, but I really appreciate your help.

My only point was to help accurately analyze the potential cost of a hedge.I was considering this strategy for myself a couple of years ago right after the main part of the crisis when jumbo's were at a very high premium so I was looking at ways to hang on to my ARM until the market normalized.As it turned out rates obviously came down nicely and the ARM worked until recently refi'ing.I would say that in most instances today in the residential market, it would be cost effective to just convert to a fixed if you qualify rather than hedge.

In my area I believe it to be very accurate.

I don't have much/any experience with any of these so I'm not sure how accurate they are..