I will definitely keep you updated on my journey, especially finding my first house. 

There is a matrix I like from Jeffery Norton that uses the ppsf method and I think that is a good place to start as he has the numbers updated for 2021....however, for my own comfort I want a few GCs to go boots on ground after I have locked in a property through a contingent offer.   

Let me know what you think with this updated information, I really appreciate the insight! 

All 3 homes have been beautifully updated in 2019 and 2020, NEW Roof installed in 2021, NEW PEX plumbing throughout 2020, NEW electrical throughout 2020.

I'm waiting for a call back from my insurance agent and I will update this post with any new findings, but curious to know who else has been in a scenario like this.Happy holidays!

If your house is a 1950s with minimal updates in a C/D area, $800/month is not unreasonable given the 1 bathroom and lack of updates. 

Message me your details and I’ll keep you updated!

For example, new carpet or updated lights. 

What do the disclosures say about lead based paint, asbestos, is the electrical and plumbing original or have they been updated?

All of this was detailed in Promissory Note.  3) Every time he makes a payment, I send him an updated balance which shows all payments and the decreasing balance as well as due dates on upcoming payments (easy Excel spreadsheet).If he were not to pay the challenge then becomes trying to collect.