(For my free and clear homes)  On my mortgages, I wanted to include the mortgage payments on top of the above monthly budget.  

Cash on Cash Return Down Payment $18,190Closing Cost $2,500 Rehab Budget $10,000Misc: inspection $400 Total Investment: $31,090 Cash on Cash Return 9.6% BiggerPockets: The Four Square Method for Analyzing Rental Properties form.This is an REO, the realtor is advising to start at the listed price of $72,760. dollars. 

My current goal is to buy a duplex in my price range, preferably under budget, REO, or just a great deal.

There are some ways to help you get started on a small Budget for your first couple of rentals.  

Keep a close eye on common maintenance costs and develop your HOA budget to hand off to owners when you are finished14.

I like to do my own painting also, but it depends on your budget and timeline to get a renter in there.

My gut has been since day one that this listing broker has his own buyer and is trying to cut my offer from being seen.Proof of funds for the 25% down payment  (this is common, I'm ok obviously with this one)More details on the expected debt structure and what lender the buyer would useMore details on the business model of the investor—things like capex budget, rent growth assumptions, tax adjustment and any other expense variations, etc.Broker references from brokers that represented sellers that XXXXXX Investment Group bought deals from in Ohio and/or texas.In addition, when we have requested a tour:   Principal of investment group must personally tour the property prior to offer, not a representative of the principal, even if it's someone from the group. 

Is the kitchen budget to redo the cabinets? 

"Unfortunately we have confirmed that we have no investor that will approve a condo with a budget holding reserves of less than 10%.

I got my friend's building complete on time and on budget about a year ago, and then completed a couple tenant improvements for him.I thought I would have an advantage starting my own business up here because I felt the customer service, quality of work, and attention to safety of the contractor's here was below what I was used to.