PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?

I like to take care my properties myself and do a face to face interview and see how she dress in order to get the feeling on how neat she is but I am living in oversea now.

Unfortunately, this happens more often then I care to see.

To me that means the details are taken care of by the turnkey company, otherwise why wouldn't you just put your own team together on the ground there (agent, inspector, contractor, property mgr)???

For a complete beginner who cares about getting higher returns, in my situation is there a clear winner for SFH vs MFH?

Account ClosedHi Mackalyee, I won't be running this property out of an LLC (will be using umbrella insurance to cover personal liabilities) so i assumed that lenders would be more willing to lend at 20%, but i re-ran the numbers at $25k down which makes the deal appear to be closer to a 10% cash return in Y1.

I don't care about the 4th unit because this would cash flow w/ just the main house/duplex and ADU. 

I agree with you that it is not an ideal way for a her to get into a home when she is trying to stay ahead with work, all while also taking care of the kids. 

Personally, I could care less about medical bill collections. 

These loans types might not care about your work history but they could.