With it, I usually do not make any contingencies except for if tere are major repairs needed that are not obvious at that time.

let's say you have 100k to begin investing.now let's look at what to invest in, where to invest and how to invest.5 rentals upstate new york - westchester area - 45 minute ride from NYC for you - 10k down on each - that's 50k left to repair, manage rentals.or use it to buy a rehab in queens, taking 60k to put down on a 300k dump with an After Repair Value of 500k, using your 40k to help pay for holding costs, and a few CC's for the repairs - turn it around in 3 to 6 months etc...my point here is not to direct you in one direction or tell you that you need 100k to invest.

Pier & beam can be easier to replace/repair depending on how many piers need to be replaced or repaired.2) How much damage was done to the slab before the repair job.

How much in repairs does the property need?

Assuming you don't go up in total amount borrowed (or total loan length) from house to house, and assuming you are making a true profit each time, and assuming you apply that profit to the mortgage, then yes, you will pay off your house more quickly.For this to work, though, the profit needs to be from your improvements (repairs) and not appreciation.

The repair cost wont show on the HUD but its a real cost and factors into your evaluation.

i dont see how its a good deal wtihout knowing the expenses to make it worth over 1million.... but okay. good luck. what are the estimated costs of repair and i think its +10% for incidentals?

With that unit filled, I should be able to cover all expenses and have about $100/mo cash flow (which will go directly into an acct to save up for any repairs down the line first; once that's built to my satisfaction, it'll go towards paying down the HELOC.)If all goes well with this unit, I hope to buy another by years end.

Originally posted by "Unibrook":On the other hand, tiling the complete floor first allows for cabinet re-placement later on.And dishwasher replacement/repair.

Anything older than 10-20 years expect to be contantly replacing/repairing.