Completed rehab on which introduced open concept kitchen, installed can lighting, interior and front door replacement, kitchen cabinet and appliances, bathroom update and interior painting.

My first property was also last year, and am hoping to complete the purchase of the next two before the end of June (this is the deal in question).My goal is 2 properties per year... so after June I will use the remainder of 2019 to sit back and monitor, refine housing policies, maybe take a RE course, move to e-docs lease signing... basically just come up with ways to automate and make things easier for myself moving forward (since I also have a semi-demanding FT job).

Introduced open concept kitchen, installed canned lighting, interior and front door replacement, kitchen cabinet and appliances, bathroom update and interior painting.

Introduced open concept kitchen, installed canned lighting, interior and front door replacement, kitchen cabinet and appliances, bathroom update and interior painting.

Most people who go there go for the all-inclusive experience, the beach and the party, as there's basically nothing else to do there.

Some photographers will Photoshop fire into a fire place etc. but otherwise you can use your basic editing tools on your phone to "brighten" the place up as it were. 

Otherwise your numbers do basically seem reasonable. 

@Vlad Denisov the property is in the westbank in Louisiana the neighborhood is B or C+ class.I’m looking to probably finance 80% through the bank and 20% seller finance or private money lenders, still looking into the options.My out of pocket will be basically the closing costs.I don’t know what you mean by the future tax !

Thanks for explaining the concept to me in great detail.  

If you planning to renovate a property after the sale, you can borrow upto 70% of ARV so basically roll in your renovation costs into the loan therefore increasing the loan.