Finally, the cost of living is relatively low which makes maintenance costs lower for the labor.To Your Success!

The water test results came back good so at this point in time we didn't do the repair.We were nervous in talking with tenants about this issue and thought it might detour people from wanting to rent the property. 

So I am hoping to pull the trigger on a fix and flip in the coming month or two so I can finally go from 0-1!

The final straw was when my property went into abatement after an inspection, due to the property management company's failure to address tenant requests for the exact items that caused the issue.

Like many of you, I'm a new investor, although have worked with investors for several years, finally jumping out of the nest if you will!

It the accessment is too high and the real estate taxes as a result are too high, the net will be less. 

I would need to know more specs on the house but with material shortages It's difficult to say how much to budget. 80K-120K for full gut perhaps but unsure with lumber beings so expensive and shortages.I would plan 9 months of vacancy between the pain you will endure pulling permits & having your contractors show up everyday to complete the work & then final inspections to get a CO. 

Cost Overruns: After the final payment, the contractor claimed there were additional costs of $60K.

The permitting process is expected to take a few months to finalize.

It took 3 years, but,  I finally navigated the permitting process and now have all the permits I need to build 6 small cabins on a river in the mountains.