Proper timing was key for this deal understanding the Market and the sellers position in the market and in the deal, it played out great and we where able to make some profits on the investments before even receiving the first rent check.

Hi Account ClosedThanks for welcoming me and for your insight.

Scott's book The Book on Estimating Rehab Costs, it's quite good: https://store.biggerpockets.com/products/the-book-on-estimat...3) Always build in a contingency to your rehab estimate, I usually go with 20% over what I expect it to cost4) Make sure to account for holding costs too of courseI hope that helps

I am good for a credit check and can provide the lease proving $1250/m income. 

Ok, I'll check those things out.

Lack of experience or qualifications, poor communication skills, Inadequate screening processes, lack of transparency in fees and charges, negative reviews, high turnover, lack of proper accounting/financial management and unprofessional behavior to name a few.

Then use it as a baseline of the best coverage then check everything against it.

It’s totally normal to feel hesitant, especially with your first big property purchase, but having the seller cover major repairs and even bring in a structural engineer for a thorough check—that’s a lot of the big-ticket worries off your plate.

Account Closed thank you for the information.

Then you'll close your BP account and go into hiding, not wanting to admit your failures and will forever curse real estate investing as just an alternative to gambling.So people underwrite to decompressed exit caps because they want to be the guy in the first example.