That's if your rehab budget doesn't run over, which they often do.

So I'm not going crazy with budgets, ya know?

Her employer is likely compensating her for driving due to work, not to and from work - thus if you decided to include this on her income, make sure you add something to her monthly liabilities as well when you run a budget for her as she will be presumably spending more on fuel / vehicle maintenance as well.

Of course nothing is for free, but if there are any house flippers or renovators in the Southeast Texas area who needs another pair of hands in exchange for teaching me what they know, i.e. budgeting, costs, style and renovation.A little about myself, I am a father of four living just outside of Port Arthur.

What's your budget?

@Rena BarronI think it would be smart to appropriately budget for that, and possibly throw more at your mortgage to get it paid off quicker, and have a reserve for your next investment.

The house my wife and I just finished, we went in with an estimated budget of about $85k, and ending up around $110k in rehab. 

I would consider my current situation, in terms of retirement, micro/macro budgeting, and my career income to be in great shape but i'm really looking for new avenues to take to create a passive income stream.

These are just some items in my capex budget, roof 25 year life span, floors 10 year life span, appliances and hot water heater 12 year life, hvac 20 year life span, bath and kitchen remodel 20 year life span,etc. 

Assuming a 4.63% interest rate over 30 years.Here is my budget as best as I can get: Taxes $1,734, repairs $750, Property Management $1375, Insurance $1,271 (this seems kinda high).