When you guys estimate costs, do you have a "minimum estimated rehab cost", meaning even if the house is in good condition, there's a good chance you'll have to do some touch ups, maybe some new paint or carpeting before you start renting it out?

One I could have rented as is, but I would have had to replace the carpet in a few years, so it made more sense to put in durable flooring sooner.

I just got done with a unit turn, where I opted to replace the carpet with laminate flooring, but the choice came then to which flooring to use, the cheap stuff at $0.75/sq/ft, or the waterproof and durable stuff at $2.50/sq. ft.

Tell them you are doing them a favor by not doing an annual rent increase (so far).Is your house pet friendly (no carpet) I allow pets but get a non refundable pet fee.

We painted all the rooms and cleaned the carpet.

Whats your goalTo buy and hold $800 per month pn that price is great up to $80k all inOr fix and flipYou can do a "white wash"Just clean it out remove all the crap and carpets etc basically giving next investor a clean slate and buy a little bit bigger property that migjt be easier to lend onAlso look for trust deed investors that take 1st positionHard money most of the time wants at least $50k

If it has carpet plan on replacing it in 5 to 7 years.

New carpets Spacious bedrooms and Freshly painted with all new fixtures in addition to 2 renovated bathrooms which compliment this home perfectly for you.

New carpets Spacious bedrooms and Freshly painted with all new fixtures in addition to 2 renovated bathrooms which compliment this home perfectly for you.

Purple painted rooms 70’s wood paneled walls and dingy outdated shag carpet are just fine to these folks .