Ive got my first Rental Property up for rent this month.Ive done alot of research and just wanted to see if these numbers seem realistic to the Pros.Rentals in the area for a home similar to this one got for $1200-$1350Monthly Cash Flow StatementGSI: $1300Credit Loss: -$26GOI: $1274Operating Expenses:Taxes: $208Ins: $104Alarm: $50Repairs: $25Misc: $12.50HOA: $12.50TOE: $412NOI: $862ADS: -$754CBT: $108My main concern is the Repairs and Misc expenses.

So I've been looking at SFR and multi's in my area and I've been coming to the conclusion that multi's may be the better option (under certain circumstances) in my area.My current property I've found is a 4 unit with est gross rents of 2450-2650 per mo. purchase price of 85k, repair est of 20k, with arv of 215-225k.

I guess basically what I am looking to do is to buy the place outright, do the exterior repairs, and then get a check from the bank for 48k (80% value of the house) once I'm done.

Here's how I see this deal:Gross rents: $1,200Operating Expenses: $600NOI: $600Mortgage (30 yr, $65K incl. repairs, 7% NOO): $432Cash flow: $168 per month, which is too low for me - I like $100 per unit per month.It does cash flow, but multi-units can require higher than 2% to cash flow properly ($100/unit/month).

I am actually determined to rent the property this year, but the bulk of repairs were done last year.

I'm putting up all the funds, including repairs.

Replenish my HELOC and get my 40k back for repairs, so I'm into this property with no money but have 21% equity in it.

If I have an agreed price with the bank and say I need to throw a large repair credit in there after, should I just revise the hud with a credit back or will the bank at some point ask me to get a new purchase and sale for a lower price?

Just to make sure I'm clear on sub2My current deal the seller will sell for 35k 40k repairs needed arv 145Or I can wholesale his loan of 45k at 6.5% for 28 yrs with payment of 280 a mo.Both provide a good opp. for the end buyer because even with the higher price, the financing is already in place?

In some cases, you cannot even inspect the property and estimate the repairs.