I'm based in Seatle but have 9 doors across Memphis and Detroit.

Set up and site prep, open permits2.) demo and clean up (also electrical and plumbing demo)3.) rough carpentry, windows4.) rough plumbing, electrical5.) city inspection6.) insulation (and inspection, at least here in Wisconsin)7.) drywall, texture, primer, paint8.) cabinets and flooring9.) doors and millwork10.) flooring11.) finish electical12.) finish plumbing13.) appliances14.) punch list15.) final clean upYou can alwys tell a bad crew when they are drywalling in one room and then start demo in another.

$300K should allow you to buy a duplex/2-unit and both doors should be offering a profit even at 15% down.If you are in a situation where you are getting hit with high taxes, high rate, low rents it might be a "Walk away deal".I have to have conversations daily talking people out of buying a particular home because its a bad deal.

Flooring, kitchen, baths, drywall, trim, doors, flooring, lighting.

Maybe try to solve that dragon at your door while you have some time opportunity to do it. 

I was willing to overlook this for having two next door properties.

A few of the doors I own are in this situation.

There are just a few "rules" you have to follow, but it can open the door to many deals that otherwise wouldn't exist. 

I'm particularly passionate about finally growing my portfolio from my current 4 doors to enough doors to one day offset my W2 income. 

I initially paid out of pocket for most of the interior updates / rehab costs when the family moved in, but now it could use new roof shingles (which we've got estimates on) and some minor updates in the kitchen and garage.