How did you find this deal and how did you negotiate it?

It's tough in this market but not dead, off market deals are very tough to get right now and you have to jump on them when you see a good one.

I think it's fair to say it's beyond normal wear and tear, but I'm not sure how much is fair to say "I'm going to have to deal with this somehow, and because of the scratches I'm deducting x." 

The deal fell into my lap.

Also underwrite deals as if they were going to be a long term rental and then work up to an STR.

Dealing with a dead body was a lot easier and cheaper then some of the nightmares i experienced.I still can't shake the memory of the one who painted the ENTIRE house in feces art. 2 stories, every room.

Purchase price: $122,000 Cash invested: $41,000 Value after renovation $175,000.Closing $ 31,000 Renovation $ 10,000 How did you add value to the deal?

I wish you the very best of luck and I look forward to hearing about your first successful deal. 

Basic, but functional faucet.Appliances ($3,500):Focus on essential replacements.Refrigerator: Energy-efficient model.Range: Standard electric or gas range.Dishwasher: Basic model.Consider deals, scratch-and-dent appliances.Lighting ($1,000):Recessed lighting in the ceiling.Under-cabinet lighting.Basic pendant lights over the island.Paint & Trim ($500):DIY painting.New baseboard.2.

What made you interested in investing in this type of deal?