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.

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.