Still rented out.Final numbers/budget break-down are shown in excel below.Final Renovation Budget Dec 2017Key lessons learned>Incorporate security into renovation plans>>Allocate budget for fencing, securing perceived weak points and window coverings >>Time is money – I could have subcontracted a lot of this work out very early on and finished the house in <4wks vs letting it stretch out over seven months, two break-ins and a hurricane, not to mention lost rental income (could have rented the bedrooms out starting in late April vs mid-July)Stuff I can do now that I couldn’t before>Install flooring and baseboard (market rate is $2-3 sq ft for labor)>Remove a toilet, floor a bathroom and install a new toilet in <90minutes>Remove/Install sinks>Repair exterior housing>Backsplash tilingNow for the before & after photosScreen Shot 2017-12-15 at 7.04.11 AMScreen Shot 2017-12-15 at 7.04.25 AMScreen Shot 2017-12-15 at 7.03.56 AMScreen Shot 2017-12-15 at 7.05.21 AMScreen Shot 2017-12-15 at 7.04.55 AMScreen Shot 2017-12-15 at 7.06.24 AMScreen Shot 2017-12-15 at 7.06.16 AMScreen Shot 2017-12-15 at 7.06.08 AMScreen Shot 2017-12-15 at 7.04.40 AMScreen Shot 2017-12-15 at 7.05.37 AMLIVINGBEFOREAFTERScreen Shot 2017-12-15 at 6.50.41 AMScreen Shot 2017-12-15 at 6.50.50 And the final professional photos - not bad for a $24k rehab!

Plus, extremely minimalistic furniture (inflatable bed, foldable chair, foldable table).

If you've got a model that works for you incorporate that war chest into it.

In order to determine if a house is a good investment or not, we created a spreadsheet that incorporates the recapture tax as part of the calculations. 

I generally incorporate a small increase in rent into all renewals, just to keep up with rising expenses (e.g., taxes, HOA fees), inflation, and fair market value.

You provide the chair and I'll supply the refreshments!

The seller owns it in an LLC, not an incorporated entity. 

Almost half of the publicly traded companies in the US are incorporated in Delaware, as are many major banks.Delaware’s tax laws allow corporations to be taxed at a low rate in Delaware and avoid higher taxes in their home states.

There are two tables with cloths to hold the paperwork, 2 chairs at one so buyers can sit and study the books if they want, and two other chairs for the greeters as needed.

Frankly I don't want my wife at he top of the stairs on a ladder or chair changing a lightbulb and I have no problem doing it.