Sometimes Rabbu can lean optimistic depending on the market.CapEx & reserves: You mentioned it, but make sure you’ve built in enough buffer for big-ticket items (roof, HVAC, furniture refresh).

While I suspect nothing is perfect and this is a valid concern, on the call they mentioned items to make it seem secure. 

We "back into" the "strike price"...the price we're willing to pay for a loan where we start with the ARV, then back off time-value of money in getting the property back, collection costs, rehab costs, profit margin, and several other items we add in.

Quote from @Alon Attias: Quote from @Simon Ashbaugh: Quote from @Alon Attias: Quote from @Simon Ashbaugh: Quote from @Alon Attias: Hey guysHow do you calculate remodel in basic basic gradeI mean 1000SQFT LVP floor in all house2 bathroom remodel with tile on walls and floor - each bathroom i believe that is around 3-4K finish materials from HomeDepotkitchen remodeling - idk the price for cabinets , quartz counter top and tile backsplash.Paint 1000SQFTExterior paint of 1000SQFT housenew doors and lights in each bedroom and living room.Thank you so muchif you have any tips how to find this prices while im remotely ill appreciate it Reach out to some contractors and ask what they charge for certain items.

I'm not worried about the cleaners or the law guys, I'm thinking about the big ticket items (mechanicals, roof). 

We're hoping to compare notes with other local hosts.Issue #1: "Property Use Tax" CalculationOn our recent payout summaries, we've noticed a new line item for "Property Use Taxes" which is calculating out to 10% of the gross booking revenue.My research indicates the City of Atlanta Hotel-Motel tax is 8%, in addition to state and local sales taxes.

Step 2 - Give a copy of the violations to your PM / contractors and have them get to work on the issues and give you progress reports / pictures of completed items.

Now, the landlord/tenant laws generally make the landlord responsible for those items.

$18k in closing costs simply doesn't make sense so we need to see how that's itemized. 

There may be some minor items we can extract out of it.