I would research what the other REO's are selling for compared to ARV (after repair value) and how long they were on the market.

In order to resell, I'd perform about $5K of foundation repairs and some minor cosmetic work.

I'm thinking $2,500 per property should be set aside for repairs, etc...keep in mind I have a 12 month home warranty on the homes.What do you think?

Can someone suggest a good way to estimate repair costs, or should I just stick with quotes from multiple contractors?

Property needs $74,000 in repairs.

I have a friend who has ten rentals and he told me he figures 10% of gross rents for repairs and that has worked fine.I am going higher than that, that should work since all og the mechanicals, and roof or not very old.

Our mortgage interest isn't deductible on our own home; only on investment properties.)I estimate that the cost of ownership of a property in the US each year, if 100% financed, is around 10% of purchase price (6% interest, 2.5% property taxes, 1.5% repairs).

Some facts about credit repair.

He bought this house for $28,900 put $5,000 into repairs, has great reserves and we keep getting denials.

Also, are there any limitations on refinancing a home with a FHA 203k loan (say 6 months after closing and after all repairs completed) or limitations on selling the home (after repairs).