Purchase price: $133,000 Cash invested: $46,000 Sale price: $197,500 Property was purchased from a wholesaler, the exterior of the home was in good shape, the interior needed major updating.

Might expect to spend a bit more.Water/sewer and garbage you can confirm with the town.Were there no interior lights on a house meter?

He specifically told me that they have a check box on the form they need to fill out that literally catalogues if the interior plumbing connection is a pipe that potentially contains lead.

The buildings interior look pretty beat up but no dents in the walls or anything. 

Depending on your scope you may not need a permit; however, the City also has a streamlined "Easy Permit" process for pull & replace projects, in addition to the standard permit process which would be needed for additions or significant interior remodels where you are completely re-configuring rooms or adding bathrooms, etc.

Repurposing each floor into spacious home suites, with indoor gardens in each home, a restaurant on an entire floor, the rooftop with a pool and gym...capital heavy but if it can be streamlined into a science, maybe its new upscale housing fir the cost of a complete interior remodel vs building a stick frame on new land out farther away from the city.

Luckily, most of the work that needed to be done was cosmetic, but we budgeted for a new roof, new HVAC unit, exterior landscaping, along with interior cosmetics.

Staffing to handle all calls, showings, maintenance, interior home visits on a regular basis and strong attention to detail when approving applicants.   

@Vince CampbellI would not do anything specific for this buyer, unless they put down a HUGE non refundable deposit, especially for work specific to interior modifications.

The interior is a bit dated but is extremely clean and well cared as it has mostly been vacant outside of when they visit the area for vacation.