Overall, this project was a much smaller rehab than we are used to but in a little over a week we completed the following:- pressure washed the outside of the entire property- repaired and replaced damaged sections of gutters- replaced thermostat- re-wired furnace - painted exterior doors and shutters- replaced carpet in the living areas (living room, dining room, kitchen) with Allure vinyl plank flooring- steam cleaned carpet in all three bedrooms- replaced old vinyl floors in both bathrooms with ceramic tiles- repaired several areas of the walls with large holes- painted the entire house realist beige (thanks JScott)- Resurfaced the kitchen cabinets and repainted- purchased and installed all new appliances (dishwasher, stove, fridge, microwave)- replaced all switch plate and outlet covers - cleaned the house front to back and top to bottomDuring this time we had our lease agreement reviewed by our attorney and were getting other administrative and operating processes finalized to be able to rent the property.

I am not one to promote kitchen table closings, so I would recommend you use an escrow company or attorney for the closing.

He said that the reason he didn't buy that other house was because the molding in the dining room had been pieced in on one wall in several pieces.

But, I have an outstanding Promissory Note against me and a paid-up property on the table up for grabs.You best know the person on the other side of this trade very well, (or at least be married to them).

So, whatever cash I do now have feels better lining my pocket than going on the closing table.

That takes care of the stress of not having to worry about the bills, food on the table etc so you can focus on your BUSINESS.The next challenge is generating cashflow, and maintaining that influx of revenue.

Sorry if it's confusing, it would be easier to show all of this in table format.

We don't need our RE investments to feed the table, it's more for future.

Starting off, I suggest you go big and interview them with what you can bring to the table!

Then another guy comes along and offers you $105,000 for the same property. on one hand your reputation is on the line, on the other hand $5000 is on the table also.