Of course we could guess, and you could end up being way over budget and having huge financial problems because of it.Find a LOCAL builder, and get bids.

With budget billing spreading the electric bill over 12 months evenly this is very affordable for a tenant .

We also saw some houses for rent and will be contacting their property managers for more info and to see if the owners would entertain selling.

What did you budget for improvements to get it rented?

He is a cash buyer with a nice budget for this area.

I've done some work with construction and enjoy the budget/managing/ work scope aspect of being a GC.

Another update.After I pulled out of the deal, I took my vacation, thought about it, went to the city and did some more research and think I have a better handle on what work is required and quantified my risks.I waited another week and saw they had another price reduction.So I called up LA and asked if she would entertain another offer pricing in the added issues.

If you want to scale up your business, you have to budget for these on an ongoing basis.

With PM expenses come out to be 47%.Financials:Expenses in a year- $9339 this includes %12 for PM and 18% Maintenance and CAPEX.Gross Operating Income less %5 vacancy (average around here) is-$19479Realtor told me that the seller would entertain offers from 105,000 He said "anything can happen".This deal seems to be solid, I just wanted your options on the deal and the age of the big ticket items.I believe I will keep this under my own name and get a very large insurance and umbrella policy.The other question I have is, about lending.

I have a budget and cash for all of this, but I am curious to know, what can I do to estimate the ARV of it?