Once it's done we'll be all in for around $600,000 with gross rents projected at $13,000 and everything except the subfloor, studs and roof will be brand new.This post is long enough without getting into actual percentages etc on each project but as you can see they vary...I look at it like my old 401k where I tried different options of risk...some had a better return than others.  

Is that brand new as in a builder built or investor that flips properties.

No, they weren't picking up cans, they were not very old or dirty and they were the same brand.

Curiously, there is a brand new emergency staircase leading all the way up to the third floor, which cost some serious money to put in.

I'm admittedly brand new at this, but I'm trying to wrap my head around how you're supposed to buy rental property at 70% ARV (or maybe 80%) after repairs costs.

thanks everyone in advance for any help you can give me. It's greatly appreciated. My name is Kasan Kelley and although I've been interested in real estate for a looooong time. I've rekindled my love after discovering...

There is a lot to be said for the benefits of name brand recognition.

Laminate is cheaper than hardwood and more durable, albeit it can't be refinished but still provides a luxury feeling if you get a better quality selection than your cheapest Home Depot brand.

If this was a brand new house then your number would likely be sufficient.

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