People talk at the pro desk.As for the OP.First repair: $90Materials: 2 Sharkbite coupling @$101 stick 1/2" copper pipe @$101 New ceiling tile @ $10Labor: $60Second repair: $234Materials:1 1/2" Sheet Nextgen Drywall @ $51 Bag 20 minute mud @ $61 Stick 3" DVW PVC @ $82 3" Fernco Clamps @15Labor: $200Third Job: $228Materials:7 Two Bulb Dome Lights (BN from CE Twin PK) @ $7014 60W CFL EQ Bulbs @ $15Moen Stem @ $23Labor: $120The key to getting this done for the right price is to not use the same guy from every part of the job.

We also tore down all the drywall because the previous owner smoked in it daily for 30 years and the electrician said it’d be cheaper if we just tore down the drywall, so we had to pay $30k for someone to come through and put new drywall, tape, mud, texture, and paint when the electrician was done.

I would focus right now on getting a rockstar agent. the further you move away from the beach the lower the price but also be careful as some areas are not as nice as others and the last thing yhou want to do is buy in an undesirable area.

There are people who will say, it is time the wrong time of year, the house is not as nice as comparable rentals, the house is in an undesirable area, the pictures are not nice enough, it is not marketed on the right sites, there are too many rentals in the area and on and on and on.

Failing to do so may result in undesirable tenants and financial loss.Enhancements:Sometimes required due to market competition: For example, if all similar properties on the market have granite counters in the kitchen and your property has laminate, you may need to install granite to rent the property at market rate.Cost-justifiable enhancements: Changes that increase rent and have a reasonable payback period.The formula we use for estimating the payback period:Payback Months = (item cost) / (monthly savings or increased rent)For example, suppose the property has laminate kitchen counters.

The 50k homes are usually fixer uppers or just small homes or row homes, if this is not the case then its just a sign of an undesirable neighborhood (Wilkinsburg, Homewood, etc).

If I screw up, they lose money, and my name is mud.

Hope that is as clear as mud for you.And 21218 was an area I am looking at investing in here also, so I guess you have 1 vote of, eh why not, in your camp.

That being said I would be more careful next time to make sure I didn't buy in a MUD area and be forced to pay higher tax rate.

There are more multifamily units on the southside, however it is a very undesirable area imo.