@James Dean-HowellYou'll always be a wreck at first but it's good to be a prepared wreck.

Ideally, I’d like to target tenants who are graduate students, bookworms or foreigners and less likely to wreck the place. 4) I’ve also heard that there’s not much competition or interest for vacant properties that need work considering most investors are looking for turnkey properties and would like to know if there’s any truth to this because that should translate to these properties to be well discounted. 5) How accurate a ~$130k Zestimate is for a 6 bedroom, 2 bath and about 2200sqft that’s nicely renovated and fully furnished on the south-east section of west side that I mentioned before.

However, they always had excuses like "tenants always wreck your property", or "I don't want to deal with crybaby people all day."  

UGH.. just a train wreck waiting to happen. 

My most recent analysis was for a ~$250k ARV on the market for $220k (House is a wreck). 

This is like saying that you were in a car wreck yesterday and asking how much it will cost to fix the car.

The reason I am asking is because I have a property I see is interesting and is the first one in a LONG time to come up that is a Duplex in SOCAL that is under $500k and not a complete wreck.

If interested I can share some of the before photos as this place was a train wreck, including a hoarder who took two full size dumpsters to clean out trash from her unit.

If you're like me, having those citations on your personal record is nerve wrecking and defeats the entire purpose of forming the entity, but that's another part of learning).

My addendum spells out charges for the most common tenant caused damage (doors, drywall, water damage, broken windows, wrecked blinds, etc) and then state that it will be a minimum of X per hour + materials up to market rate for anything not listed.