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.

I will add that you need to make sure you calculate vacancy loss, taxes, insurance, repairs, maintenance and seriously consider hiring a property manager.

* Automotive Services – Includes everything from auto repair facilities to retail auto shops and part supply stores

As an LLC is a tax pass-through entity, you (the owner) will receive the same tax benefits as you would if you deducted these repair/improvement expenses on your personal taxes--but, if you use the LLC, it helps legitimize the LLC, is more defendable in an audit b/c it reflects a real business process instead of tax evasion, and frankly it makes it easier and faster during tax time.How might this help in reality?

Then subtract mortgage payment, property taxes, insurance, repair fund, and vacancy loss.

Does anyone know what are some concerns that I should take into consideration before making an offer on a property that has been, according to the agent, vacant for many years? meaning there has been no heat in the wi...

Yes this is my first rehab, and Yes i will only be managing and cordinated the operation. purchase the home for $10,000 from a don't wanna land lord, estimated cost of repairs are $55,000 ARV $125,000.

You can do 'in-season use' during the week, and not give up much income either, as weekends are always more popular anyway, you pick which days your unit is 'off the market' and they just make your unit 'booked' in their hotel system those days.2% rule is so far away I'm ashamed to ask about it.Cost: 195,000Annual Costs:Taxes 1633Gross Rents 2012: 24,300Annual Condo Fee: 6000Pay 22% to the front desk: 5400Pay maid fee for booked nights: 2000Pay parking fee for booked nights: 1050Electric: 1200Netting: ~7200/year or $600/month for P+Iso... to get to cashflow neutral ASSUMING NO ADDITIONAL REPAIRS(which is quite a bad assumption).