Purchase price: $332,000 Cash invested: $67,000 Sale price: $445,000 Purchased this great 9 bed 4 family at a discount. 3/4 units were rented so we increased the rents on them and replaced the timber supports on basement with concrete filled steel supports.

Spotlessly clean bathrooms 24 hours a day.

We specialize in residential demo (decks, sheds, kitchens, bathroom, carpet and flooring removal), junk removal (garage clean outs, basement clean out, hoarded houses, etc), and we haul materials (gravel, sand, stone, rock and building materials).Please reach out our facebook page at Done Right Haul Away LLC. 

Back when we could purchase properties for a deal, building in enough discount to handle every contingency was doable.

The house has 2 bedrooms/ 1 bathroom on the main floor, and 1 bedroom/1 bathroom in the basement.

We are placing a bathroom in the basement and had the main line scoped to make sure it was deep enough to pitch our drains back to it.

Over 5 months we did a lot of work repairing walls and ceilings, adding bathroom and 2 bedrooms.

Bank will use discounted actuals or 8% vacancy and 10% property for their numbers.

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While this analysis is certainly important, investors in metro areas cannot ignore the upfront time and money required to get an STR up and running.In analyzing a potential STR investment in a metro area, include these estimates as upfront costs (these are strictly furnishing expenses, not including any rehab work):- Living Room: $2k⠀⠀- Dining Room: $700⠀- Kitchen: $750⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀- Bedroom: $1.5k⠀⠀⠀⠀⠀⠀⠀⠀⠀- Bathroom: $300⠀⠀⠀⠀⠀⠀⠀⠀⠀You can certainly furnish a STR for more or less, but these are numbers I try to stick to in putting together a nicely furnished rental that includes personal touches and local flair.If you have any questions about STR investing, please don't hesitate to reach out!