When I was living in the house for over 10 years, I had multiple contractors to bid on Windows, kitchen counter tops, bathroom remodels....and the quotes were all so outrageously high from every company, we ended up doing a lot of work ourselves. 

Completely remodeled the basement and added a full living space with 2/1.

Hi there,So I've been remodeling homes for a number of years and want to move into building custom homes and I was hoping to hear from people who have maybe made the same leap or any advise/things to look for in making this transition.

My husband and I are in the middle of gutting and remodeling one of the bathrooms in our 1917 brick triplex in Chicago.

I think the best opportunities in the area now are light remodels and flips.

This will work no matter what, but you can get there faster if you can generate equity through remodel, take advantage of market shifts or buy at a discount (next to impossible at the moment due to tight inventory, but that may come back).The other component most new investors underestimate is you have to become an excellent operator.

Here are some considerations and tips to help you make the most of your turnkey investment strategy:Pros of Turnkey Properties:Ready for Rental: After refurbishment, turnkey homes are usually ready for occupancy right away, saving you the time and hassle of doing repairs and improvements.Professional Management: A lot of turnkey companies provide property management services, taking care of tenant selection, rent collecting, upkeep, and other daily tasks on your behalf.Passive Income: Investing in a turnkey property allows you to immediately begin earning rental income without having to take on major maintenance or remodeling tasks.Tips for Investing in Turnkey Properties:Take some time investigating turnkey suppliers in-depth and select reliable businesses who have a proven track record of effective property management and satisfied clients.Make sure you have done your research about the property, its surroundings, the nature of the rental market, and its potential for long-term income flow.Analyze the financials of the turnkey property.Even though turnkey homes can generate rental revenue right now, think about your long-term investing objectives and plan.

The home was built in the 50's and is in need of around 30k of remodeling to get rentable.

Hi all - looking at purchasing a home needing a good bit of interior remodeling.

The $800 number isn't far off for 70K, but that's only with a fresh remodel.