Kay March: In our lease we explicitly require Tenants to obtain our consent prior top affecting any repairs or alterations to a property ... and in most instances we will insist they use our standard trades/service providers to carry out the work.

Go with either the tried and true 70% rule-of-thumb (and good luck with that in Los Angeles), or the more detailed approach taken by J Scott, or best yet, create a standard spreadsheet with estimates for all your expenses and back out from there.In the end, you’ll get your lunch eaten by using rote formulas without an understanding of either the actual expenses or an accurate way to predict them.

Sorry Sam Converting my metric to standards stumps me at timesI meant a 250 Sqm home isEquivalent to a 2691 sq ft.Ah!

My standards are high so if they meet it just have them give their reservation/hold fee to hold it.

I think that is standard.

I will say that I hold a pretty stiff standard of margin, more so than most flippers I know... so I pass on plenty of deals and tend to only go after the 'really juicy ones'

The problem with investing in blighted neighborhoods is that your standard of living is vastly different to those of the people causing the blight.

So, we had to buy special cold-weather paint to complete the job, which was about $20/gallon more than standard exterior paint.

Sorry but all my deals in the past few years have been through my realtor and standard transactions.

I am looking for options besides FHA (high fees) and the standard 20% down for a multi-unit in Philadelphia, but I can only come up with 5% down for now.