I own three Subway franchises "Eat Fresh" and am working with my family on our third Daycare Location as well.

It was worth the wait.It was 3 years before we decided to look for our next property - and that took about 3 months to uncover.

Since it's older I want distressed enough to justify replacing all the big stuff so I know it will be fairly maintenance free and it means that my home looks fresh.

While the cabinets could be saved, refinished, and add new hardware along with new granite countertops and the new cut in and plumbing for dishwasher, by the time I do all of that, it would only cost me about a grand or two more for brand new, and new in the kitchen always brings the value at exit so it is typical in my case and in my area to gut and start fresh.

I have not consulted a contractor ...and I've looked up the comps myself based on what I have learned..I have verified findings with a realtor at this point.. .I haven't heard of many investors using a contractor for estimates to wholesale ...at this point I'm really starting fresh and educating myself as I go...I have a thread I'm reading on estimates right now although it seems geared towards rehabbing its great info

I highly suggest renting to someone that has previous restaurant experience and not some guy fresh out of culinary school.

I'm also pretty fresh to real estate and I'm curious as to what neighborhoods you're looking at.

'Fresh' and 'New' rentals are preferred in this town.

@John Fedro  John not new license just happened to go through the 10 hour annual CE  last week so the part of MH was fresh in my mind.. as there was some discussion about it in class

Haven't seen interior yet except peering thru windows but estimating about $35,000 to uncover and refinish hardwood floors, replace some windows, paint everything inside, lite kitchen updates, some new appliances, and light bathroom updates...budgeting to replace one boiler immediately.It's up/down 3 bed 1 bath on each floor, would rent for about $1400 per side in as/is condition, but could fetch 1750 per side if updated.