Hello my name is Carolyn , my husband Ron and I are just beginning to consider flipping houses, we are semi retired in the Daytona Beach, Fl area , we own and operate a state licensed Roofing company and would like to find others in the area who we might consider partnering with, if there is a good fit, Ron is a retired carpenter with hundreds of remodeled homes to his credit, hope everyone has a blessed day and finds the true Joy of friendship.

Here is what we know so far:Out of state land lord Has been for sale for more than 3 monthsAsking price 240kBuilt in 1981Each unit is 1050 sqft 3/2 with utility roomRent is $1050 (I have not seen the actual numbers this is what the real estate agent told us)Landlord is paying water and trash but don't have those numbers.Two units are currently leased Last roof: unknown AC and water heaters are currently working but do not know when they were last replaced.

It's in need of a new roof.

It is basically getting a roof over your own head by buying a property and you either having more units in that property to rent out for income or using your spare bedrooms as rentals.

I am looking at putting an offer in on a property in my town, it's a triplex that was originally a home converted into 3 units, built in 1920, with new roof, siding, water heaters, electrical and Plumbing. 

Once you own a rental you must kepp it habital for the tenant, meaning always having working furnance, hot water, a roof over their head, etc...A down payment for onwer carry is whatever you can negoiate.

Build in late 1970s, 3 bed/2 bath, 2 car garage, approximately 1600 sqft, need new carpet, possibly new roof, has some foundation issue, and require general update through the property as stated on the flyer.

Once you get better at estimating costs, you will be able to estimate things such as: roof, kitchen, bathroom, flooring, painting rooms, doors, windows, etc. 

Really I like it because it’s been remodeled inside, new roof two years ago.

Despite a very good townhome, it was rented out with badly stained carpets, damaged kitchen vinyl flooring and appliances from the 70's..... the roof literally fell on our previous tenants and it was like pulling teeth to get him to pay a DECENT roof repair.I recognize he's pretty lucky to get it rented out at all now, let alone 15% above market value.