Lots of old properties where I'm at, so it isn't unusual to expect $10k+ of capex out of the gate for water heaters, putting in central air possibly, and other old property issues.

Ran into some unexpected issues with having to run new power for the stove as well as having to run new water lines for the bathroom and kitchen.

I'm Susan from Spring, Texas, passionate about real estate investing for three year.

UCF is now the second largest university in the US with 70,000 or so students, and apartments are springing up everywhere.

Average days on market in my city is like 50, whereas it was under 30 days all through Covid, with the lowest being just 6 DAYS in spring of 2022.

Close proximity to another source of plumbing - either side by side, or stacked one on top of the other - means easier access to existing water and drain/vent lines, which will almost always be advantageous for your project budget.  

The inspection revealed moisture issues in the basement, a fastener issue on the deck, and reverse polarity of some of the outlets.We are pending lead, mold, and chimney inspections.The HVAC, furnace, and water heater are functional but "beyond their lifespan."

This step must be done carefully to avoid further damage.Structural Repairs: Address any structural damage first, including the roof, walls, and foundation.Systems Repair: Repair or replace electrical, plumbing, and HVAC systems as needed.Interior Restoration: Once the structural and system repairs are complete, focus on restoring the interior, including insulation, drywall, flooring, and fixtures.Safety and Health Concerns:Air Quality: Ensure proper ventilation and air quality during and after the restoration process to remove smoke odors and contaminants.Mold Remediation: Check for and address any mold growth, which can be a common issue in fire-damaged properties due to water used in firefighting.Final Inspections:City Inspections: Coordinate with the city for final inspections to ensure that the property is safe and habitable.Fire Department Clearance: Obtain clearance from the Fire Department confirming that the property is safe to occupy.I hope this helps, best of luck!

Subdividing the lot would add an additional $20k in expense as I would need to tap city water/sewer to the new duplex (previously the detached garage apartment).

It is spring, and the tenants also mentioned the sump pump is also running some which is out of my control and should by considered in some of their living cost being that they are living on an acreage!