April 15th - Older 3 bedroom one bathPurchase Price - $500 + back lot rent - $212 + back taxes - 379$ Real Cost - $1091Rehab cost - $5600 - New Kitchen, flooring, paint and other minor upgrades Total = $6691Lot Rent - 187$Mortgage - paid cash Insurance - $350/year or $30/monthProperty Tax - 653$ per year or 55$/monthRent - $ 750 / month$ 478 - left every month for the account.  ** This property still needs an upgrade to the heat system that will be $2000 and has to be done before Oct 1st**In June, I saw a property listed on Facebook marketplace that was in rough shape. 

Along the way the GC and subcontracted plumber mentioned numerous times that they found great news or thought of more efficient solutions (i.e. the mainline plumbing under the basement was intact--that they had assumed was all broken and needed replacing).

With a few minor upgrades, I'm pretty confident I can get 1k for each unit.

For the time being, I found out I can make it an RV park and the city will pay for the upgrades! 

More speficially a Dell XPS 15 laptop with the touch display upgrade.

The fact that they charged you to come back and fix something that wasn't broken before they did their work and then one is still not working is poor service and workmanship in my opinion. 

This will allow me to pay for the upgrades with the rental cash flow and stagger the costs so I don’t need to pay out of pocket up front.  

One of the biggest mistakes I have seen less experienced investors do when choosing their first one or two flips is thinking they can save a lot of money by doing a lot of the repair or upgrading working on their own compared with paying a licensed contractor to do the work and mainly because a person doing the work themselves are not as experienced at doing good quality work and frequently will take a lot, a lot, a lot longer to get the work done and if you are financing your deal they you will end up paying a lot more in finance interest and still maybe end up with marginal instead of good quality work and you are only delaying the date for flipping , reselling, or being able to get a property rented.

I purchased the house for 168K, with a few improvements and upgrades, I invested about 6K more for a total of 174K invested. 

But I treat the home as my own, upgrade and fix it up to rent it.