We used to rent this house out for $1,200/mo; however, this past summer, we enhanced the parking area, and remodeled both bathrooms.

We used to rent this house out for $1,200/mo; however, this past summer, we enhanced the parking area, and remodeled both bathrooms.

These are old, almost always brick-veneer properties that have a lot of life left in them but have lacked the kind of maintenance they need, especially in recent years.The subflooring in these houses is typically diagonal 1-inch pine plank and they were originally finished with 3/4-inch tongue-in-groove oak strip from end to  end, bedrooms and bathrooms and kitchens alike.

They usually set up a contract to automatically go out and plow/shovel any time we receive 2 inches or more of snow.

These can be your own prospects, if your marketing is producing them, or from wholesalers and agents.The key to this business is the ability to recognize, structure, and enhance profitable deals.

Moving forward if I go down this route I would allow dogs (most of them) and include those necessities such as a washer dryer, other items that not only enhance the stay but add some character to the property.

We took out some of the floor then when looking at it carefully we found that the 12 inch by 12 inch foundation beam that the entire 2 story wall was built on was missing one end. 

Some of these surprised me. 

Because that property had a tree root that lifted the driveway about 2 inches, with a crack through the blacktop. 

If you’re flipping a house where everything is already in decent shape and functional (roof is new, doors are tight, paint is fresh), but some areas are somewhat dated, what upgrades would you spend $10k on to get the...