Change out the fixtures to brushed nickel.

I've gotten a bathroom sink for $20, light fixtures for $5, paint brushes for 10 cents, 4x4 tile for 5 cents each (brand new), light switches for 10 cents (even a dimmer switch for 50 cents), drawer knobs and pulls for 25 cents each, and so on and so on.

Thanks for the information, as far as the financing issues you bring up I believe that I will be able to get around the 4 property soft rule that many lenders have.

Don't brush off other buyers completly, you just have a deal pending, if it blow up you can go back to those interested.

Based on your #'s you are buying at 77% ARV and you will most likely not make 15% by figuring only 8% for all soft costs and closing costs.

But then, it is all new...Joel Owens, I mentioned high water pressure check to the plumber and they brushed it off.

A developer would have to model out the land acquisition costs, hard costs, soft costs etc. to see how it would pencil out.

out of the 204k 37k were building permits. 3 k for plans and other light soft costs 4500 bank fee's and interest..

I am pretty handy with a hammer, saw and paint brush and I will do a healthy amount of the maintenance myself.I have several friends and acquaintances who have residential properties intended to rent to UoM Students, and I will be meeting with them to see how they have done over the years.

And the media painted us all with a broad brush.