Unless you come from a corporate job that is involved in this field, it is not a place I recommend to start.

This quotes is only to remediate the mold it does not involve fixing the drywall afterwards.We are trying to get more quotes but unfortunately we live in Stillwater, Ok ( a small town) so most of the professionals have to travel about an hr. to get to us.Attached is the $11K quote – it seems inflated to me.

I’m planning to take my broker’s exam in the near future to expand my skill set and deepen my involvement in this space.I’d be thrilled to discuss the current state of the market, challenges, and opportunities, and to exchange ideas with others.

The more you know about what is involved in renovations and repairs, the better suited you will be to take on any project.But, real estate is capital intensive.  

No agent involved.

Quote from @Herrison Sitorus: Hi all,Recently got involved managing a rent stabilized property.

Thank you Joe, if it was just me, I wouldn't worry but I have 2 of our kids involved so I don't want to screw up for them and I don't want to screw the renters. 

This was an off market deal that was completed without realtor involvement.

@Jonathan GreeneThe short answer is it will depend on a few things like the tools and listing platforms that you're usingMy current workflow involves many tools (including Monday.com, Baselane, and Furnished plus other listing platforms).

I would add:Over-leverage: seeing people get owner finance and someone to toss them a total of 100% financing plus the costs of renovation sometimes crushes them even if they come in on budget and have the right ARV as they miscalculate the time it takes to sell as well as forget about all the other costs involved in a real estate transaction.