Real (established wholesalers) will face drastically reduced competition from the unknowledgeable muddying the waters and reduced competition from those with some knowledge but no or limited capital. 3.

I'm passionate about all types of real estate, but currently interested in multi-family investing and house hacking.Outside of real estate, I enjoy the water and sports.Excited to learn and connect with you all!

Mechanicals are in good shapeARV: $280k-$300k~$74kish left on the mortgage - 6.75% interest about $890 monthly payment / HOA ~$200 a month / Insurance $35 a month / Taxes $355 per month / Tenant pays Water, Gas Heat. 

If a water heater goes on your property, all your profit for the year is gone and your 15% CoC turns into 1% real quick.

I normally tell my investor/house-hacking clients here in Colorado Springs and Denver to buy as soon and as frequently as they can.

The yard alone is approx 10,000 squarefeet , watering the lawn will significantly increase the water bill.

Or is the landlord always responsible for the water bill and heat?

That well has supplied water to my new property for 40+ years.

11DefineConsult an interior designer12PlanCreate project plan (timelines, key dates, who to contact)13PlanCreate budget and brainstorm financing options14PlanSecure financing15BuildGet permits and licenseses16BuildGet water/electricity/power hookups set up17BuildPrepare for build (e.g. lay foundation)18BuildBuy structure19BuildBuild and remodel structure (insulation, electric, siding, etc.)20BuildBuild out interior design (e.g. paint, decorate, etc.) and buy appliances/decor21BuildBuild out lawn and landscape22BuildFinalize the exterior of the building (e.g. paint and fixtures)23MarketTake photos24MarketCreate listing25MarketCreate websiteThanks!

Water heaters are always being replaced ($1500), disposals fail ($200), and appliances ($500-1500).Use water heaters as an example.