@Julian Sanchez I’m a couple months away from refi, since the rehab has taken a bit longer than anticipated, but I will definitely let you know come the new year when it’s done!

Successful rehab perfectly on time, within 5% of original rehab cost forecast, successful sale at predicted sale price and anticipated Days on Market.

Successful rehab perfectly on time, within 5% of original rehab cost forecast, successful sale at predicted sale price and anticipated Days on Market.

I am doing a vacancy rate of 5% (which I'm not sure where to get a solid % from) so instead of $35 that I have, it should have been $70.As for anticipated rent, yes I agree with you that it wouldn't be wise to assume $700.

Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum.

We can't control the market but we can control how we interact with it.

I normally have no interaction with their company.This week I'm meeting with a project manager (that lives 35 minutes away) to show him my STRs. 

This is a far cry from the instant riches most newbies anticipate.

I also paid for the title search in anticipation of buying.

While there should be no real day-to-day interaction with your investment once it's made, you have plenty of homework to do before you get to that point.