They conveniently forget all the interest they paid, all the insurance bills, the new roof, the remodeled kitchen and all the other expenses.

I remodeled my own house last year myself and it costs half as much and has higher end materials than if I were to contract it out.

Closed on a rental property Dec. 28th and fininshed the light remodel last week.

Nor have I inspected the property.Its in a college town & will rent for ~ 1100 with full occupancy.ARV shows at around 150000kWhat I would like to do is Remodel the first, get it rented out, then build two 3/2-3/2 duplexes on the other two lots using construction loans.

There have been some poorly done rehabs in the neighborhood I am working in and unfortunately anything can qualify as remodeled...including homes with stained carpet and 12 broken windows...ugh!

Carondelet RenovationsSloganPROJECT PHOENIX: CARONDELET IS RISINGDescriptionCarondelet Renovations is a construction company, and more specifically a remodeling company, based in the Carondelet neighborhood of St.

Will just plan on living in each house 2 years if I do plan on selling.Plan on doing a major remodel of the existing rental, new siding , windows, add bathroom etc then split lot and build a new house along side.It looks like it is possible to do all this with owner occ money and save on gains too.Considering my depreciation is about gone and never was much anyway, finding a way to start a new basis would be helpful.

There isn't too much I would have to do with the property other than remodel the inside.

You have to get it remetered (recommended) and the remodeling of the entire complex.

Thinking you are going to get very much "extra" for a high-end remodel compared to a typical fixed product would be a huge mistake that the Buyer will be the only beneficiary of.