I have worked with my father flipping houses about 10 years ago so I have a good idea of how much it would cost to rehab cosmetic items.

You're at $350 already, though, and I'm not sure you're allocating enough for capital items (that roof has to be replaced before you sell in ten years, which is about $40 a month by itself.)Applying the 50% rule of thumb, assuming 25% down plus the $2000 out of pocket, 5% for 30 years, I get $311 for P&I.

Kyle,You do not need to get a new w-9 filled out; however, you should ask any contractor if they have any updates, for address, business name, ein, insurance and keep a copy of all those items in a file.

Several people have asked me about the details of item 1 above, here they are for the public:1.

Sometimes common interest developments (like condo) have a special assessment on owners to pay for critical items that where unexpected or poorly planned for.

I am sure you didn't run a tight ship from day one, but developed a routine and plan after several occurences happend in your biz.That one item added to the checklist could save someone else several thousand dollars and I have hundreds of items just like that!

Another way to handle a tenant that is desperate to move-in is to do a rough clean of their apartment and then come back in a few days to do any deferred items (like drywall, touch up painting, etc) I'm actually doing that today.

I'm investing in most of the items you've listed- just not stock market.

Or are you going solo via VRBO.Other costs to factor would be utilities, WiFi, housekeeping (this should be a big $$ fee per clean on such a huge house), set-up as you would need to furnish house...hot tub needed as this is a popular rental requested item in the mountains (if you get this, now you need a hot tub cleaner)??

At 20 years old, unless you price in EOL (end of life) systems (and appliances, HVAC, roof, etc.) you need to address these items.