Posted by -Jimbo- on October 25, 2003 at 14:34:49:
It should not take any longer than 30 days to fill any house.
Obviously markets will be different all over the place, but just calculate a 10% vacancy.
It should be less, and if it fits with the rest of your deductions, then buy, buy, buy.
Repairs…well, have 3 months worth of money sitting aside just in case (reserve).
Also, if the house needs a roof, expect 4-6K. Especially if you’re replacing the OSB.
-Jimbo- “If you don’t run your own life, somebody else will.” -John Atkinson