Sell them and spend probably a grand for the requirements to do it right or break the law, dealing as some scum bag, or rent it and make more ethically. :)

*there are some very important questions you should be asking but that one is almost irrelevant in the grand scheme of things When a contractor quotes you say 20K for the rehab, that should cover labor and materials right?

He said probably five grand tops without knowing any specifics of your particular pool.

To me the number is less important than the proceeds and plan after I hit the number.My Grand Goal for REI is:To provide a financial foundation and education for five generations of my family so that we may fulfill our dreams, aspirations and life missions unencumbered by financial slavery.The first major milestone in the next 4-5 years, I'd like to get to 100 units.

I'm new to Grand Rapids MI and don't have the capital to purchase in top notch areas.

(for some reason almost always gets a lower price at least a grand or 2)

But then being five grand or so is kinda like fees anyways ...

Isn't gov-mint intervention grand?!

No grand luxury, no expensive materials.

The previous owner did some minor updating (floors) but there's definitely room to spend a few grand on the units when they become vacant.