Plumbing is something to check out, most MF properties that old are going to have some backups in the sewer lines that will need remedying or replacement, so get some quotes and consider budgeting for that.

Budget appropriately, sell a good product.

The TO cost is in the maintenance budget, I also have not added in deposits to the rental income.

Aloha,Be sure you closely examine and understand the Reserve Funding Plan (and the operating budget) for any condos prior to purchase.

We typically work with clients on budgets of $500,000 to $10mm.

We stayed on budget give or take a thousand dollars or so.

Please advise.Wayne Hayward@Wayne Hayward - include your holding cost / cost of capital in your rehab budget and aim to keep everything in total under 70% so you have a 30% true margin.  

I've gone over budget by about $5,000 and am looking for ways to save money.I've looked through pictures of the other kitchens provided in the CMA/ on the MLS. 

Unfortunately, I don't have the budget for that now, so it's all on me to do as much of the grind as I can. 

Ideally, you'd build up savings to eventually cover 6 months to a year of your annual budget.