Now if you find that $30k house that only needs paint and carpet and basic landscaping, you can plug in numbers that might reflect the actual value to see if it really is a decent deal or not.

Like I said previously, meeting with a section head at RPD, put up non-breakable lights around the exterior, cameras, cut landscaping low, etc.

If they intend to take over that property, I would have to tear out my brand-new fence, landscaping and concrete.

Carpet isn’t expansive.

We will protect windows and landscaping with either tarps or OSB during the installation.Total overlay cost is $5,297.00We will install Malarkey Duraseal 3-tab class 4 Impact Resistant shingles (potential insurance discount) on the slopes and ridge, galvanized pipe jacks, 1 exhaust cap, 1 electrical boot and 1 wind turbine is included in this bid.

If the payment is 3 days late we evict, if landscaping isn't upkept we evict, obviously not always but we do everything we can to protect ourselves from destructive tenants.MaintenanceLandlord shall have the responsibility to maintain the major items of the property such as the roof and siding.

You bring more in but there are more expenses involved like furnishing the home, taxes, marketing, utilities, landscaping, and your time, just to name a few.Study your market and make an informed decision.

From the exterior photos I have it looks like it would need siding, windows and landscaping now to be presentable, and probably a new roof in the not-too-distant future.

First of all, I'd like to start being much more active in the forums. I was a huge lurker a few years back, and haven't really been active over the last couple years, but would really like to start honing my knowledge...

Assumptions:• Purchase Price: $150,000• Down Payment: $30,000• Closing Costs: $2,500• Repair Estimates: $1,500Capital needed: $34,000_____________________________Income: $17,100 ($1,500/mo with 5% vacancy rate)_____________________________Expenses: $12,990.40• Mortgage Interest: $5,360.40 (per annum)• Insurance: $900 ($75/mo)• Taxes: $1,000• Utilities: $420.00 ($35/mo)• Landscaping: $600 ($50/mo)• HOA: $1,200 ($100/mo)• Management: $1,710 (10% of rents received)• CapX/Repairs: $1,800 (10% of anticipated rents received)__________________________________________________________Net Income / ROCE (before depreciation): $4,109.60ROCE: 12.09%Mortgage payment P&I (30yr, 4.5%): $ (608.02)Mortgage principal payments made: $1,935.87Cash on Cash Return:  $ 2,173.73 Cash on Cash Rate of Return: 6.39%