Purchase price: $135,000 Sale price: $165,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick flip on N Orchard Knob Ave, Chattanooga, TN.

If rent is $2,000 and utilities another $300, that's nearly $5,000 to sit on a vacant home.

Ideally, along with your mortgage payment, you’d want to set aside funds on a monthly basis for repairs, vacancy & capex if applicable.

My budget in the beginning was really tight because it was based on the money we made at the time and debt payments. 

Looking forward to your insights and tips as I embark on this exciting journey!

Do you have a social media page for the listing?

Now the buyer on my property is extending for another 3 months, and might extend even more.

Kim following for the answer on Debexpert.  

He put a ton of money into cap expenditures on the front end.  

Your tenant (depending on local laws and your lease/willingness) can sublease for the remaining 3 months of their current lease.