Here are the rough numbers on one of the houses, both are similar:Total investment (acquisition, remodel, carrying costs) - $200,000Current value (after netting out selling costs) - $270,000Potential Rent - $1,500/monthI can do a refi and get my $200K back out of the project, that leaves me with a mortgage payment of $1,400 including taxes and insurance (assuming 30 yrs. at 5.5%). 

Take a $50k house in Baltimore that you need to replace a toilet in.

I just came across a property recently remodeled in a sketchy, but up and coming neighborhood for $220K.

We remodeled a home and have been living in it.

The trend in new constructions and remodeled homes in the area is to have an open concept, kitchen in the front of the house open to the living room.

The images of the hoards of people in the Louisiana Superdome for weeks with clogged toilets and nowhere to go, didn't sit well.

Most I have seen is around $1,250-1,300 if its newly updated/remodeled.

I know a landlord that is remodeling an apartment.

-Coworker who went by the other day noticed the main toilet is leaking at the base-One tenant just emailed me saying the dishwasher won't drain and smells like deathThere have been previous problems such as the shower clogging (which I cleared) and the washer drain line backing up.

It was a remodel and I gave it to the owner who traced it back to her great grandfather.