All units are cleaned well and some updates have been made to paint, flooring, bathroom fixtures, and 4 new windows.Here are the negatives: No central heating or air, built in 1946, the duplex is metered together & costs approximately $150 per month, there are small waves in the flooring in 1 of the bedrooms, no stove or other appliances yet added.My thoughts: Some of the numbers seem too good to be true but at the same time I can't help but see big rehab numbers if I need to get HVAC and ducts installed (this makes me the most nervous).

The property needs 35-40K in repairs/updates and I plan on living in the property while I do the renovations.

Focus on updating the exterior now for curb appeal, and then tackle the interior once the tenant moves out.

We work with out-of-state/foreign investors consistently and the key is communication and being the type of company that is technologically forward-thinking (i.e. the ease of sharing photo/video updates and making selections for your property).Your first protection is making sure you can run the numbers for the right deal - looks like you have a good head for the numbers you need to hit, so you're on the right track already!

Then after it’s built I will refiI’m only doing new construction bc my parents have a construction business so I’m getting in cheaper than buying an older home anywaysKeep us updated on what the lender says!

Hi @Terry Fox I did evaluate them but after rehab I spent $277k on each duplex I bought and I’m getting similar rents as the brand new ones since mine are updated. 

Though the numbers work, it's not much cash flow, and though the units are recently updated, the capex/repair budget would sink any hopes for significant ROI.

Update: I closed on the house and was able to bring someone in on title to qualify with a traditional lender, so the property's cash flowing nicely ($650/month). 

Any update on the progress of corrections to the new calculator?

I put a suite in an unfinished basement and updated the rest of the property.