After the current tenants move out, I need to replace the carpet and pad. 

I currently have 2 single family rentals but am looking to delve in to fix and flipping as a way to supplement or hopefully replace my W2 income. 

.- Consider hiring professionals like architects, engineers, and construction managers to help with the process.This process can be lengthy and involves several steps, but with the right guidance and preparation, it can be successful.

Yes, it can help people leave their W2 with adequate scale, but it simply replaces one job with another. 

A cost segregation study with an engineer and audit protection can easily cost less than $5k. 

You are required by law to find a replacement tenant as quickly as possible and then refund any unused rent income.

On a 1960s building we always replace all galvanized plumbing during the initial rehab, that''s not even a question. 

Please find someone to replace themGino

Over time as rental income replaces earned w2 income, if one spouse quits their W-2 job to focus on real estate, that spouse could qualify as a real estate professional, allowing you to use real estate losses to offset the other spouse’s W-2 income.

Similarly for the master bathroom, I want to only replace the existing vanity with a new one, keeping the current light yellow tiles.