And this was for one that needed totally remodeled inside. 

We buy in C class neighborhoods, remodel properties, and it speaks for it's self.

Now there are some improvements (kitchen remodel, bathroom remodel, upgrading windows) where that flips on its head, but it's still something to really plan through. 

Certain markets allow you to buy completely remodelled and rented houses that will generate rental revenue right away without requiring a lot of upfront effort.4.

This has included taking a property that was getting very run down and remodeling.  

Now she complained the issue of toilet fill valve which caused unreasonable high water bill and claimed it belongs to wear and tear and a plumbing issue.

Remodeled throughout

Remodeled interiorReplace roof

@Barrington Smith I'm busy with a 1965 full house remodel in VA.

Believe it or not, there is only one listed in LA: Access Construction and Remodeling (800-267-1756).There is also one in Ontario, CA: www.premium-cs.com.You do not have to go with an FHA 203k Certified Contractor, but it is a good place to start.