That's assuming 10% management, 5% vacancy, 5% repairs, 5% capex, mortgage, tax and $1700 per year insurance and assuming you put 20% down so no PMI

I want to be as accurate as possible on my repair prices.

I went ahead and submitting info to get pre-qualified with him as well.My mindset was, I might as well talk to a number of lenders and get pre-qualified with a few of them at around the same time so all the credit pulls count as one.

Paul,...If you're going to wholesale like a professional, only pursue deals that are worth Cash Buyers' time (target for 60% ARV if you're not confident about estimating repairs)Some wholesalers aim to lock up as many houses as possible and then walk away when their 2 cash buyers won't buy [bad] deals.

Have been using our trusted subcontractors for all repairs.  

If you use the proceeds let’s say 10k, from that 30k, for an repair  is you will have 10k of rental expenses.

yes that is correct and I incorporate all the expenses and for capex, I esitmated 10% for repairs being safe with a margin percentage.

There have been three break-ins since June and repairing the damages have been draining my budget.

For you to provide services and give those to the LLC is akin to making undocumented contributions to the IRA, which is why this is prohibited.The IRA must hire someone not disqualified to perform services such as repairs to a property.

I used a VA loan to finance it, I'm now looking into using a FHA loan due to lower money down and the ability make repair on a home.