It's impossible to budget capex accurately without an inspection unless you are experienced enough to walk through and basically do your own inspection and know what everything costs.

Basically you are identifying items that can be depreciated over a shorter useful life.

They cover many basic things that won't be covered in any detail in podcasts on investing.

I'm in the process of learning as much of the basics as possible before I dive in.

@Jenning YuYou opened a can of worms :)  Thumbs up for getting into these high-end technicalities and understanding the basics.

My partner and I have a document we work through to analyze deals.A structured Excel template for real estate deals which includes: basic property info like address, type, size, purchase price, and closing costs.

Basically, you are convincing your inner doubter that you can do it. 

But it sounds like I have to pay first and basically ask for a reimbursement?

Yes we were successful winning bidding wars 3 months ago using the family postcard technique;) Basically, we added a cute picture of our family along with our offers (which were based on conventional financing) and our “humanity” made us win over the cash offers.

Basically their dogs cost me thousands of dollars to finally sell it and then I had to discount the property.I had another property I was trying to sell and the house next-door neighbor had a couple of dogs in a small front yard.