I waited for weeks while going through the process, and at the last minute, they sent me a low-ball rent approval amount that was below market.

a 100k, 3/2 purchase, no, low hoa, that rents at $1200+ with a little cosmetic work to capture some equity to boot for cushion, and gain experience, is awesome.....those expenses seem standard...

In this way if tenants dispute items and it takes awhile for CAM to get sorted out then new owner can pull from seller reserve and then whatever is not used for short fall is then released to seller.Even if expenses are fully paid for by tenants you still want to keep costs as low as possible an still save where you can. 

Classic case of a city that once manufactured one or more products and had a strong blue collar influence, but now is mainly low income service jobs.  

What I recommend is join your local LL association-very low cost and a great resource plus networking.

CONVENTIONAL:A conventional loan allows you to put as low as 5% down and go up as high as you want, some banks may allow you to come even lower.

Lowes often puts their flooring on sale, so we saved that way + using a Lowes credit card to save an additional 5%.End results of how the flooring turned out in our unit can be seen in my profile.Best of luck with your reno!

Your vacancy and CapEx look a little low to me.

Just figured I would share my thoughts from the other post here as well, had a bad run-in with John himself and I am not happy about how he treated me as a customer.......I had to search high and low to talk to someone after I purchased the product.

@Lane Cooper - In terms of relatively low risk vs. high reward, I have yet to find a single better investment than doing a house hack.