Basically I run down all of the local research for your property leads.Property Analysis (or Property Consultation) ServiceThe service includes:-An inspection of the subject and surrounding neighborhood-Exterior and interior pictures of the subject and pictures of surronding neighborhood-A detailed report containing the following information: **All the property details and tax information **Title Search **List of local comparables and an estimate of market value **A detailed list of needed repairs **Suggestions for upgrades worth considering **Suggestions for what the property will be best used for (Fix/Flip, Rental, Lease Option) **A list of financing options and costs of each **Rental cashflow analysis (if needed)Cost of service is $100 per houseTurnaround time is 24 to 48 hours.Not trying to play on anyone's emotions, just trying to offer a helpping hand for anyone who wants or needs it.

It will need about $500k (I have not got a quote yet on repairs, this is a estimate) for repairs.

How does one go about estimating repair costs?

Is the water problem fixed / how costly will it be to repair?

The house needs about 7000 worth of repairs.

The complexes are listed below with descriptions.Address is: Houston Texas 77021 Repairs 55k, we have a contractor that can get this done for you if needed Sales Price: 240k ARV: 350k Downpayment for Owner Financing: 90k Mo Notes: $1550-1600 mo This is a 12 unit apt complex we just got a contract on.This unit is a 2 story with a 2 bedroom up and a 2 bedroom down.

I know that I need to be able to acurately estimate repairs, closing costs, ARV (very important), time, loan costs, etc.

For example let's say I'm purchasing a fixer-upper for $110,000 that has a repaired value of $170,000.

What I typically do is state that the tenant/buyer is responsible for the first $200 or first $500 of maintenance/repairs in any give month.

I look for a minimum of $300 mo. but I pay a property manager and am pretty tough on keeping back plenty of cash for repairs and vacancy loss.