And yes maybe this has been done before but again, this is an example we could use to tackle the issues with under estimating repairs.

@Adam Moehn  I like your layout as well, it at least leves some glimmer of hope for me to try out investing while still tackling the items that need to be handled.

I hate writing checks , usually I will tackle most repairs myself .

It's awesome to see a father & son team tackling this venture together.

I would suggest doing paint and flooring, then picking one of bathroom and kitchen and tackling that.

That's something not a lot of people would have the gumption to tackle, since 80 units is a healthy-sized property to take on.It'd be instructive for all of us to hear more details on how you found the deal, how you structured your partnership and any other details you'd like to share, if you're so inclined.Best of luck in the future!

Also, if anyone has any scenarios where they've had to tackle this problem, as well as what the scope of work and costs were, that would be helpful.

All,Totally new to REI, haven't closed any deals, and just starting to think about marketing and doing some yellow letter campaigns.I'm curious to hear from others regarding where you go to develop a list to send to potential sellers.Ideally, what I'm looking to do is be able to do a search within a given set of zip codes for properties with the following characteristics:Vacant land or have houses on them that are old (30+ years)8000+ sq/ft lotNo permits for major renovations in the last 15 yearsI'd like to get the list of addresses, the owners name and the owners address to mail to.I called the county deed office and asked if I could get access to an excel file that simply had the info in the database they maintain to populate the data on deed record site, and they kinda laughed in my face, saying I could only access one property at a time by typing in a specific address.I found a website - http://www.dataquick.com/ - and it seems like it might be able to do what I'm looking to do, but I wanted to to get some great crowd-sourced wisdom from the users here at BP to see how they would tackle the same challenge.I would greatly appreciate and recommendations you would have for me.

It can be daunting to take on such a seemingly large project, but tackle each job and it can get done.I totally agree with Engelo about making the place look un-renovated for as long as you can.I have a couple of comments regarding the work you are planning.

Since I'm looking to start in Real Estate Investing I figure I would tackle one section at a time.