First Rehab to Rent Property

[Chris Vail]

Hello BP,

I am going to do this thread as a thank you to all the help I have recieved from others on this site, and I am hoping it will help others to see me go through this process.

Intitial closing and lessons learned here : http://www.biggerpockets.com/forums/311/topics/153...

Now for the rehab since I am now the owner of this 1960's 3 bed / 1.5 bath home.

( I am hoping that the picture is rightside up as it is showing upside down currently as I am typing)

This is a rough mock up of the layout of the house https://drive.google.com/file/d/0Bw4tlga09RSJN3hyU...

And here are some initial pictures of the inside of the house.

Living room (pictures are upside down again, if you open in a new window they are right side up though)

Kitchen

Dinning room (opposite of kitchen)

Bedroom #1

Full bath

2nd bedroom

half bath (jack and jill to bedroom 2 and 3)

Bedroom 3 (master or at least biggest)

Dinning room to living room with partial kitchen

back of house with a shot of the covered porch.

So that's how this project started, I went out to contractors with the following SOW

https://drive.google.com/file/d/0Bw4tlga09RSJX0VBL...

This was my first experience going to to bid for contractors and I saw the range of contractors from folks that were professional to those that well were not.  I was thinking about doing most of the work on my first rental my self ( I really enjoy the process of fixing up property, and working with my hands) but after having our first baby 3 months ago, my time is better spent with my new family.  I never thought what I did as a hobby for friends would cost so much to have someone else do!!!  I got bids that were all over the place but finally selected one that quoted the labor (minus a couple of the items in the SOW for 7,800) and a 2 week time line weather permitting.

Next post will be progress on the rehab.