However, it's not unbearable for next tenant, but I wonder how much you would charge the tenant for the repair.

Future considerations are, in the event the meters should go bad and get changed out, the repairs are held to 1 location on the property.

If you get into house for 10k, and it needs 20k in repair, you guts to learn and be a lionNot to mention all the electrical work I fixed!!

I have done upgrades/repairs when a tenant is on vacation.

I would ask the firm that put the IRA LLC together for you to assist with the TD brokerage firms.

When I say manage I don't necessarily mean managing the property yourself, but you could hire a management company, you could put a team of people together to assist you with investing (agent, contractor etc).

We used to diary all of our deals on here and stopped for some reason.Here are the basics on this property:Purchase price - $72,250Estimated repair budget - $45,000-$50,000ARV - $185-195kTaxes - $4338/yrHow we purchased:Purchased with financing from a local hard money lender who financed 80% of the purchase price and 100% of the renovations at 12% interest only and 3 points charged at closingUnit Breakdown:- 1st floor is a 2-bed/1-bath 900 sq ft unit - Projected rent after rehab $900-$950- 2nd floor is a 2-bed/1-bath 900 sq ft unit - Projected rent after rehab $900-$950- 3rd floor is a 1-bed/1-bath 600 sq ft unit - Projected rent after rehab $700-$725How we located the deal:- We zeroed in on this foreclosure deal after it fell out of contract on the local MLS. 

ThanksHome Listed Price: $119,900Address: 210 North Star rdPerry, Ga 31069Purchase Price: $100,000ARV: $120000Monthly income: $1200Monthly expenses: $860.43Monthly Cashflow: $339.57Estimated Repairs: $1000Purchase Closing Costs: $2000Down Payment (@ 20%) : $20KLoan amount: $80KLoan interest rate: 4.5%Monthly P&I: $405.35Total Cash needed: $23K

Last year he paid $968 for necessary repairs on the property.

@Joseph Rath keep saving and once you are ready to pull the trigger then you can absolutely house hack a duplex with FHA financing and sellers assistance to help with closing costs and get into a duplex under 200k for $12,000 or less total investment