Would like some advice on this deal - thank you in advance SFH under contract for $106k (current owners purchased a year ago for $59k and did lipstick on a pig) - neighbourhood nice b /C class neighbourhood - little crimeInspection brought up a few things Asbestos tiles in the basement, im told they are fine but I would prob want to epoxy over them to be safe though not needed supposedly I just dont want to have anyone at risk ($1500)Roof will need to be replaced in the next year ($8-9kish) and chimney needs workGarage door needs to be replaced (has a hole in it) ($700)Stairs and driveway need to be addressed - very bad trip hazard, driveway needs serious work ($2k)Had drain scoped needs to be cleaned out ($500) but otherwise goodAC is working but on the way out in the next yeara few windows needs to be replaced and smaller stuff etc - looking around 15-20k out of pocket to get home up and running Now all done up this home will appraise for $120-125k and rent for 1400 a monthhowever and I understand the sellers want to make some money (home was sitting on the market for awhile) but this is a pretty big list of big expenses and while I dont mind taking them on to be all in with zero meat on the bone from an equity standpoint seems not ideal as I will be locking around 40-45k up in the property (from DP and fixing cost) and homes in this area appreciate around $1k a year - so not much appreciation potential Insight appreciated - thank you for getting this far

Purchase price: $122,000 Cash invested: $7,000 Sale price: $196,500 Reno'd both bathrooms, all interior floor tile, carpet in bedrooms, reno'd kitchen and exterior paint.

Covid hit so my job went to 2 days a week so I couldnt justify hiring someone to do the total rehab so I did everything but the granite and tile bathrooms myself from the drywall to finished product!   

Standard home being: 8’ ceilings, avg $4/sf tile and flooring materials, RTA China imported cabinets, asphalt shingles, vinyl windows, basic hardscape and landscape, no pool.

Remove tile Update bath Paint.

Funny thing is NONE of the 36 items supposedly wrong were on all 3 reports 1 said the foundation was cracked as evidenced by a water stain on the tile floor in the dinningroom Lol.  

Install tile flooring in kitchens and baths.

Afternoon AllLooking for help with a tub to tile shower conversion for a condo in Treasure Island.

The repairs are bid at 15k (paint inside and out, laminate kitchen floors, new carpet throughout, replace kitchen cabinets, reglaze bathroom tiles and tub, roof repairs, new light fixtures and electrical work, and some other odds and ends.)

I like ceramic tile with impervious grout.