As far as saving costs, I think the biggest savings comes from allowing me to repair anything over $200 and turnover my own properties if I choose.

Travis ElliottA good formula to get a ballpark estimate, which is similar to Sabrina's but accounts for empty lots is: park value = (# of occupied lots x $lot rent x 60) + (# of empty lots x $lot rent x 30) so you're looking at (14x$250x60) + (30x$250x30) = $435,000Then you'd need to subtract the required repairs and add in the value of the home.

There are a lot of previous posts here on ratios that make a good rental property as "nearly all of PITI + HOA" doesn't cover vacancy, maintenance, or repair costs.

How do repairs/maintenance work - should I start another post?

. :) I can count on one hand the number of homes I've ever seen that were beyond repair.

I've had to completely re-do the bathroom floor and repair a few cracks in the kitchen.

I am looking at $6,000 in repairs just to keep them happy.

Here are the numbersGross rents - 13200/month 158,400 /yrOperating costs avg range-82-88k /yr Net - roughly 67-75k factoring in 2% -5% vacancy rangeThe mortgage is at 200k at 2% over 10 years so about 24k a year bringing my net down to 43-51kThe building is in MA and I'm currently living in Texas- I'm managing remotely using people for books, repairs and rentals (my net factors in their pay).

It seems that the biggest problem investors are having with wholesalers is that they have bad repair estimates.

The top portion broke, old old window the glass not tempered, split into multiple pieces and some fell down.Told tenant to have it repaired.