She did update the mechanicals and roof, so those pricy issues did not have to be addressed.

As you run your business, you may have to buy a new roof unexpectedly, or replace the hvac system unexpectedly, or replace kitchen items on a turn because they've been destroyed or reached the end of their service life.

Estimates are bout 400k for full gut remodel (hvac, plumbing, electrical, roof, mostly new windows, kitchens, and baths, minor re-framing) New plan is for (2) 2B1B units and will rent for 2k and 2500/mo. 1 unit is a larger 2 bedroom.

I will be adding a bedroom, possibly newer windows to the top unit, fix a pipe, and redoing the roof.  

I know getting into your first fix and flip can be nerve racking, i'd be happy to go into this more in detail! 

Especially since you don't live in SD anymore.Lastly, multi family units and apartment complexes simply offer greater economies of scale for maintenance and other expenses because it's more "doors" under one roof.

There are currently three roofs on top of this house.

Taya covered for him and lied about repairs being completed when they were not, hid real damage with the progress photos, and so much more.I paid 13k for a roof on a property last November that was never completed, when I confronted them about it, they lied and told us that it had been and took deceiving photos that hid the work that had not been completed.

Junked it out, cleaned up landscaping, drywall repair, texture, paint, new interior doors and trim, new waterheater, new floors in kitchen. some new floors, countertops, new roof, painting cabinets.

Then go price your labor plumbing electric, roof, finish outs, and landscaping.