Besides the New Western Acquisitions, what other companies in Houston that constantly have regular deals/projects? 

It needs 50K in paint, central AC, pool drain, clean and possibly re surface.

Insurance - builders risk two to four times as expensive as regular insurance.taxes while holding the propertyTransfer taxes to buy and resell2 sets of closing costReal estate agent commission to sell.Financing costs - more expensive due to risk of rehabbing.

If it's spending $500 repairing a bunch of stuff this year, it's probably going to be $500 repairing a bunch of stuff next year too, just different stuff (depending on the age and condition of your property, I guess), so I'm not sure why an underwriter would add regular, ongoing repairs back to the DTI calculation.However, if you're talking about items that used to require capitalization, that are now allowable as an expense under the new de minimus safe harbor regulations, then yeah - that's not really a repair, it's capital improvement that's permitted to be expensed, so I'd argue that line 19 is technically more appropriate.  

Whereas, West coast real estate over time pays its self off, is very liquid, and it appreciates over time with regularity.    

I purchased the paint for another job had $150 in the 2 5gallon buckets of behr ultra, $46 in ceiling paint, 2 shower valves at $55 each, drywall at $64, insulation $60, plumbing fittings at $23, tile was $100, $60 in door knobs, I payed my employees for cleaning all 4 units out, painting 1 apartment and half other, tearing out paneling and insulation, re install new insulation and hang and finish drywall, install 2 shutoff valves and install scald proof valve.

They also told me that it wouldnt affect me, and i would start with a clean slate.

Now the property is getting cleaned and back on the market.My question is how to price the rent.  

I would like to have a clean debt sheet on my personal balance sheet.Gino

They wear nice clean shoes.