It needed a kitchen and bath remodel, flooring and paint throughout, deck repair and staining, and some electrical and siding work.

I think he finishes all his basements these days, but for the about 500 sq ft, where he just frames, drywalls, paints and carpets, he would do it for about $40-50/psf ($20-25k).  

Something that is out dated, maybe needs new paint, carpet, landscaping and so on, but nothing major.

We launched some paid advertising, however the results were bad.About 6 weeks ago I started doing deeper research on his particular business model and I began putting the pieces together to help generate some leads and get him and my sister back to making money again.Fast forward to just over a week ago since I completed his setup, and so far he’s had 5 appointments to view job sites so he may submit bids, and he’s locked up 2 contracts worth $15,500 and $31,500 totaling $46,000 in new business.This case study serves to support any REI professionals seeking inbound leads including…

Contractors of all types (Roof, Foundation, Electrician, Plumbing, Painting, Etc...)


This would be new kitchen, new master bath, full painting interior and carpeting.  

The life expectancy of a metal roof is admittedly longer than asphalt, but I think this all goes back to the debate of leaving the CAPEX as is and replacing items when broken, or do you like to prepare and rip out everything old and replace it all to make it last for a long time from the start.

But overall the worst I can see it being is it needs electrical and plumbing and painting..It would be my first deal so it lets me put my foot in the door so I can then take a home equity loan out of it to get into my next deal with a higher chance to negotiate the price down.Also the population density of Puerto Rico is so high that it seems unlikely I won't be able to find a tenant rather quickly, especially when a majority of the island is under affordable housing..

New roof, gutters, wood rot repair, new flooring, heavy cleaning, and paint.

I hate having to re-paint every few years.Similar to @Jaron Walling, I look for properties with slab/foundation problems.....

The house was freshly painted before they moved in.