You only want to hold rentals because of quality and location and not because you made a mistake.So when rehabbing look at the expected renovation and time to sell and close.Then I would take ARV value today and if market is declining 2% a month and it's 3 months to sell and close I would deduct 6% and then another 2% on top of that for a buffer.

To be honest, you probably won't, so add in some buffer in your numbers, looks like you've analyzed properties before so most of this you probably already know. 

Even if you are off some, just account for it and then include a 10% BUFFER at the end of your rehab bid. 

Bear in mind that you should hang onto $10k or so as capex/emergency buffer, never deploy all your cash right away.

I like the buffer between tenants and myself and wouldn't do it any other way.  

They may have a buffer in there for unexpected things.

Straight for repairs and a capex buffer. 

Yeah my venture partner who is a rehabber estimated for that 1918 sqft house we'd basically have to redo the entire house for about $70k and we added in $10k as a buffer.

Yes, once you build up a good buffer that helps.

@Kirsten Braddock careful with taking out that business credit...I’d be sure you have a comfortable buffer, whether it be cash flow from properties or pure cash in the bank, in case paying that borrowed money back runs into roadbumps.