Very few rentals close by (at least for now, in winter), but desirable location.We will do some updating no matter what:New laminate floor in kitchen/hallSiding needs replacing (have some insurance $ for that)Fresh paintNeeds new windows (maybe).Needs a bunch of concrete work (garage floor, driveway, stoop, walk to door).With those improvements we should be able to get at least $1000/mo.A room addition to add a large ensuite Bedroom/bath, and a laundry room to get the washer, dryer out of the garage, the bid came in at 59000 (This includes the siding).  

It's a very cool site... very informative... plus i reveal lots of secrets. and tricks and tips.Whatever you do .... do not just think that you need to invest in your own backyard (also I personally sort of would invest into my own backyard... else just too risky when diving into it brand new... but if opportunity realizes that is better... jump on it...).. 

A median tech salary is about $150k and fresh grads from top schools are making that much to start with. 

Over and over again.You need to reset the clock and start fresh.

Any company that is telling you these freshly rehabbed houses with good tenants in place also has 25% of equity in it is lying.

Or am I getting some things wrong.be harsh here that 40k is almost everything we got savings wise. we will have a 5k emergency fund after this. and the current tenant leases are up so I would have to start fresh tenant wise maybe hire property managment and just pay out of pocket for themIt looks good from a newbes eyes but I want to hear from the pros

Britney King Start Fresh Renovations LLC

However, the inspection report revealed issues with roof and foundation issues, even though this property was built back in 2005.

The fresh rehab usually means low capex.

And they would be able to go into the next deal with an all new basis and fresh depreciation.