This forces you to get used to the concept of budgeting.

That's exciting.What area of the city is the property in and what's your rehab budget?

The rehab budget is starting to look more like a 90-100k rehab.  

No way I was giving them the cherry unit on a marginal tenant.These tenants sometimes think you just fell off a turnip truck or something.

So it's possible your rehab budget is light, or your ARV is high.I also recommend you try to sell the deal at a local REIA once you have it under contract.

Its a half urban / half rural community so my tenants are truck drivers, social workers, and day laborers.

If both units were rented at the new market rate, would you at least break even (Cover expenses plus maintenance budget)?

It is a corner lot right across the street from the park and just a block or so away from the Charter School.Purchase Price was $225,000Rehab Budget $250,000List Price $750,000If you have any advice or even opinion I would love to hear about it.

I'm looking for very targeted leads since I have a small marketing budget.

It's pro-landlord but because of budget cut backs and the Marshalls office short staffed what is usually a 1 month process to evict can sometimes take 3 as they have thousands of writs to serve in some cases.