If i go this route was considering a $500 limit, which should supply enough drywall, mud, screws, etc. to get them through the drywall repair stage.

I would never "gut" a house unless it had an issue requiring it (water and mold, smoke damage, termite damage, etc)We usually will "fix" something instead of replacing it if we can. ie, a door with damage gets wood putty or sheetrock mud and then a repaint.It's always a balancing act to put a property in market condition and still have the margin  for adequate cash flow.

I mudded, taped and textured everything.

You can always try and cover it with the flooring and/or slope some new mud depending on how much of an area you need leveled.

There are a number of "filters" which will eliminate properties including:• Known bad floor plans• Subdivisions with rent restrictions• Known undesirable subdivisions• Properties with traffic or access issues• Properties with excessive drive times• Ratio of lot size to the home's footprint• Tandem garages• Close to nuisancesWe also like a (very) few town home communities.

Meanwhile, Meritage Homes is moving along with their plan to develop an 800 home development on the old Pine Crest Golf Club in northwest Houston, which is entirely in a 100-year flood zone.Council was supposed to approve the creation of a MUD for the new development this week.

Remember. with exposed brick there is no framing, no sheetrock, no nails, no taping no mudding and no painting!

Considering I will only have 25k I do not see buying a multi family as possible unless I live in a very undesirable area.

In Denver for example the Montbello sub-market which is typified by low clear, poorly loaded undesirable properties experienced a resurgence after amendment 64 was past.

I think an office/den is more valuable than a mud room