I can buy it four around $10,000 and with my estimated $5,000 cleanup cost I believe it will be in the ballpark of 39-44,000.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

Buying at the right price, correctly estimating repair costs, and correctly estimating rent (and eventual sale) comps are completely learnable skills. 

As the initial surge of leases with hotel owners tapered off, it quickly became clear the program would fall well short of its goal and make no more than a small dent in the roughly 66,000 people estimated to be living on our county’s streets.

I know maintenance is something to be expected, and it is budged for, but this goes a little bit over my most conservative estimate.

Usually we estimate 2-3% of the loan amount.

Make sure you are being conservative with all your estimates.

What are your capex and opex expenses in dollar values (not % of rent)? What is your market and property type?