We are ready to have our skin in the game….. just wondering how to transform that into an innovative contract. any input is welcome!  

Specifically, some non-load bearing walls could easily be removed, some new walls framed, and with about $40k, the house would be transformed from an un-appealing 2/1 that would lose $300/mo as a rental into a very appealing 4/2 that would cashflow about $500/mo (including the debt service for the rehab)...

Do legal permitted work, people sleep in these structures.Knob and tube wiring is not ok, there too many reasons to unpack in these threads but some are, no grounding, old annealed copper, improper insulation, switched neutrals and speration of power and neutral creates an electro magnetic coilElectricity does not flow through a conductor it flows around a conductor (that's how a transformer works) Do not take building advice from investors.And as Mathew stated tennants should NEVER go in an attic.Manage your risk, ignorance is no excuse when in front of a judge.

And while costs would vary wildly from utility to utility, I would suspect JUST the utilities costs could be 46K or better.I know as an example 20 years ago when I actually did utility distribution engineering, we used to charge just under 10K for a pad mount transformer.  

I've always liked the renovation/transformational aspect of real estate investing; increasing value through improving upon a product. 

I’ve watched neighborhoods like this transform here in San Diego.

By creating an environment that fosters open dialogue and respect, individuals may transform conversations from high-pressure sales pitches to opportunities for genuine connection.Emotional intelligence plays a vital role in our psychological well-being.

I'm in the middle of refinishing my early 90s oak cabinets in my primary residence and am very happy with the transformation.

I have a questions hopefully someone can help me here, I am transforming LLC from partnership to single member, on state level is fine, but I’m intrested on what to do on federal level?

Renovation is the process of transforming a property to be more attractive to your tenant segment, thereby increasing the rent, decreasing time to rent, and reducing maintenance costs.Eric, this is a straightforward method for consistently selecting properties that will provide the dependable passive income you want.