Right now it's just dirt, and I've done some homework and it's going to cost about 10k to get the drawings from the architect, and about 350k to build, but the revenue model I have figured out should make this a lucrative property.My concerns are, how can I earn money in the meantime while it's just a lot?

These are essentially 100% financed as I picked them up using a HELOC and are cash flowing with 12% repairs+cap ex, 4% vacancy (possibly low for the new acquisitions but historically accurate for me), placement fees (since I'm not local), PITI and annual HVAC servicing all factored in.

I try to buy the same models every time.

There is a learning curve but I pay a book keeper to help me set stuff up then I just copy her model.

i noticed both home depot and lowes are always/often flooded with clearance models of dishwashers for like $75 for the dw.. if only OTHER major appliances would be so deeply discounted!

Alternatively, you can use the following formula:Take Your: ARV Less: Rehab CostsLess: Holding/Fixed Costs (ex. 

As mentioned other members, please about 10% cap ex.

: How much deferred maintenance per unit (ex. $3000/unit)Who manages the property? 

Using a 5% vacancy rate, 10% for repairs and 10% for cap ex. the numbers are ...

As a harpist, my ex-wife was selected to play at Mr.