Bigger Pockets calculator asks the following:Purchase Price: 153,000closing costs 7650 (5%)20% down 30600Interest rate 6.5% 30 year loanRent $1330Property Taxes 451/yrInsurance 850/yrCapEx 5% ($66/month)Repairs 5% ($66/month)Vacancy 3% ($39/month)Management 8% ($106/month)Leave utilities blank assuming the tenant puts them in their name, BP calculator gives me 5.33% CoC ROI, which is better than what I originally did.

The house is in pristine condition with a top-notch kitchen I added in 2021, and it is located in a premier gated community northeast of Orlando.

For flips you not only have to buy the house up front -but also be able to afford to do all the repairs - the ones you planned on; plus all the ones you find later once you tear into things.  

You must spend at least 100 hours managing guests and more time than anyone else in the calendar year2.

Our efficient project management ensured timely, on-budget completion.

What have been your experiences so far, and any hidden costs that you did not expect managing investment properties? 

Plus, managing contractors and ensuring quality work can be tricky for someone just starting out.New Construction: The Modern ApproachOn the flip side, new construction offers a different set of advantages:1.

At this point maybe it is time to seek a GOOD property manager or at least seek advice from one.

How do you plan to manage the property?

Military Base housing allowance- Tax free housing, you can use for buying a house.