You can enter everything you might need like initial purchase price and enter estimated repairs for pretty much every aspect of a house from new roof to foundation repairs and everything in between.

My calculator assumes some slightly different numbers: Property management is 10% of gross, Repair reserves are 10% of gross and $50/annual permit fee.

They underestimate the repairs and overestimate the ARV.

Nothing else matters you can always change management and repair damage but you can't change the location.Unlike a lot of cities Memphis has many areas where values are falling or permanently stagnant so you have to be careful where you buy!!

We took a pretty big hit on make-ready/repairs after evicting some tenants in the same house, so the expenses are there to offset it.

I would be selling the park owned mobiles to tenants to get out from under the maintenance and repairs...but I can't sell the house...but I don't really want to deal with a renter in the house and owners in the mobiles.Should I just steer clear of this one?

Do you know how to do repairs, remodels or would you need to hire it out?

There is definitely a sense of relief knowing that, barring any major disasters, we won't be getting a call about any repairs on the houses for the next 10 months!

You can get a nicer home that has a location potential that in 5 years can be better than that distressed sale that has limited potential after repairs.

My question is, do I still claim the 7,680 as a deductible repair expense or do I have to reduce this amount by the 4,500 credit I will receive?