In lower-value areas like Sylmar, market values max out around $3.28 million, which results in a loss.The key takeaway?

Another key change is making sure your contractor actually sticks to completion deadlines...why, because of how extremely tedious permit inspectors are getting in some cities, which can slow progress in and of itself.

Have you considered Turn-key? 

crazyDo these people just hand over the keys to their car also and hope it comes back ok?

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It also keeps the door open for a cash for keys situation in case the tenant can't pay all of it.

Key findings?

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

you live and die by your sub contractor relationships.. this is the key in my mind.