Joe

I do not do the labor as I am not handy.

I get tired of this area as I see the cost are as high as in CA in terms of labor.

There are challenges everywhere for different reasons -- weather, building codes, tenant culture, competitive market, high cost of labor. 

But, in this case, I am assuming $45k will not even cover the material costs of a whole house, let alone any contracted labor.

Joe absolutely knocks it out of the park for all my old army buddies.

You'll save on labor costs and have better quality control.- Start small: Begin with a modest project to learn the ropes without overextending yourselves.- Create a detailed business plan: Outline roles, responsibilities, and how you'll handle decisions and potential conflicts.- Build a network: Connect with real estate agents, wholesalers, and other investors to find good deals.- Educate yourselves: Learn about local market trends, zoning laws, and permitting processes.- Set realistic timelines: Account for your full-time jobs when planning project schedules.- Budget carefully: Include a contingency fund for unexpected issues.- Focus on high-ROI improvements: Prioritize renovations that add the most value.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

To me, the solar is a burden because it doesn’t generate much income and the installation company went out of business so there’s no labor warranty.

He has the audacity to go on a month long European vacation and laughing all the way to the bank from the yield of our labor.

Having a list of the problems made by an expert might make it a little bit easier to make the decision do you want to tear it down or do you want to make it a labor of love and restore it like Grandma had it - maybe with an air conditioning system in it and Hardiboard on the outside, and new windows et cetera...