We have a back door to replace too.

Hi all,For a couple of years I've been daydreaming of starting as a fix and flipper or holding rental properties with the end goal of replacing my day to day income.  

Heres the way I calculate it,(Gross Scheduled Rent) - (Vacancy rate (at least 5-6%)) = Operating Income(Operating Income) - (Repairs & Maintenance + Utilities + Taxes + Insurance + Management Fees (at least 8%) + Replacement reserve (capX)) = NOIThen I simply divide the asking price by the NOI (Asking Price /  NOI) to get the cap rate.I can't find anything above 5 or 6 % at best, am I doing something wrong or does the MLS just suck that bad??

We need a structural engineer and someone to help us with the design layout of the new kitchen, laundry room, half-bath,and living space and the layout of the Master bedroom and master bath.we are in Greensboro North Carolina so we would like someone local.with an architect be the best person for the interior changes?

I have since fixed it and replaced the opener. 

Currently work as a Project Engineer with a commercial development company (retail and multi-family apartments).

Work Update:As I was working on the dog pee deck, I noticed that the steps coming up to it were a little wobbly and splitting and probably not all that safe, so this weekend Mark spent some time replacing a bunch of stairs on the deck as well as the underlying supports.  

Landlord intends to install and/or replace a keyed deadbolt on each exterior door of the dwelling.

Make sure you have underwritten the replacement cost and remaining useful life of the major systems (roof, windows, hvac, hot water, kitchen appliances, flooring) and that you are funding for these.

I have installed a few...mainly to avoid CO issue with old HW tanks, to replace high cost units & in family owned homes where hot water demand is high.