While that may be true, take into account the total cost to refinance because it's not just rates that have to drop to make it make sense. 

Really I just want to learn how much things cost item-by-item.

I don't think there is any amount of savings that could justify the cost of a total tear down and rebuild.

This strategy allows you to spread out the lead removal costs a bit perhaps not having to remove Lead from two out of three units, and only removing it from the unit where you happen to accept a tenant that has children.  

With $50K, that would be a purchase price of about $250,000 not including closing costs and repairs.

I put 20% down and put a good amount towards the rehab cost.

The seller wants $500,000 down the operating cost on the property runabout $8500 and the seller wants a $9000 payment each month.

Quote from @Bruce Cook: You should hire a professional property manager before you make a real mistake that costs you tens of thousands in losses.

A current goal, would look more like “Save x amount for DP and closing costs for first property.”

Hi all, Do you know any free or low cost app for property management that has a daily late fee charge options?