The money they are giving you are saved only because they didn't pay rent for the last 6 months, sold all appliances, water heater, garbage disposer and the toilet bawl, didn't pay their utility bills for a big portion of their stay and managed to squeeze additional $2,000.00 as cash-for-keys from their last landlord.

Hanging drywall and fixing toilets ain't so glamorous in real life)SAVE MONEY - (yes you need cash in the bank to buy a property. 

Its infrastructure was in pretty good shape but cosmetics were terrible with water damage, missing toilets, sinks, appliances, torn or missing flooring and large holes in the wall.

For example, on the places I self manage, if there's a toilet flapper that needs to be replaced, I can do it myself for $15 parts + my time.

You should also flush the toilets and put RV anitfreeze in the toilet. 

My photographer used a program to merge panned photos so that might be what you're seeing.

I also would note that the renovations completed upgrade the home: Recessed lighting, granite counter tops, new cabinets, new toilets for the entire house, new flooring for the whole main level. 

Another consideration is if those numbers do pan out, flip the property and get two more projects working in the same manner.

But what made it very rewarding and packed with lasting impact not just a flash in the pan, was seeing how 10x is applicable to so many areas of life and everyone given the diversity of speakers. 

Building a wall and door to enclose the duct work and Hot Water Heaters - $1675Move the hot water heaters from under stairs to new room - $1265Move the washer/dryer from the laundry room under the stairs for tenant upstairs - (cutting concrete to move drain lines and installing new 220 outlet) - $3,520Remove wall in laundry. take out current door and add another door - reframe, sheetrock, - $4,180Create new bathroom with washer/dryer added, new shower/tub, new vanity, new toilet - $7150New kitchen cabinets and countertops - $4,290Move stove - new outlet - $675Replace bedroom ceiling - $715Replace pocket door in bedroom - $300Create master walk-in closet off current bedroom - $775Paint entire unit - $1300This includes labor and materials.