I paid for material only.When they moved out I touched up some interior spots, around light switches etc, replaced the carpet and had a new tenant in the first day I showed it.I once ran a couple out that was a month plus behind and had them pretty worried about what I was going to do to them.

It needs a new kitchen, dual pane windows, carpeting/laminate, bathroom suites and interior painting.

Here's the scenario:I am the Realtor/Investor (all cash)My contractor partner is going to act as the General for some items (plumbing/electrical/HVAC/Roofing/garage door/carpet) and will do the other work himself(roof tear off/siding/5 windows/exterior trim/interior trim,minor interior framing/1 full bathroom rehab/, ect.).

As an example the interior painting quotes have come in between $2700-4500.

I spoke with the agent and the property needs work...foundation and the roof has hail damage....also, needs new carpet and a few other interior items.

A bad roof $5000 discountCarpet &interior paint $2500A stigma from “an unfortunate incident” in a small town?

"If Cash is king, then leverage is god." http://www.biggerpockets.com/blogs/4579/blog_posts/32645-if-ca-h-is-king-then-leverage-is-god---loans-cash-roe-roi-and-risk Regarding "speculating" on appreciation, I wrote some different questions about this "speculation" on a 2.5% cap rate posting, but on the other hand, some places in the interior of the country haven't appreciated for decades - while those in the Bay have tacked on an extra 5-15% ROI per year from appreciation, with about 3-4X leverage.

There are no showings and no way to see the interior or the state that it is in.It's close to a local college and was hoping to rent it out.Does anyone have any insight on how to pursue this or if it's even worth pursuing?

He had a fire and the new ordinances required interior sprinklers and AFCI electrical.

Has anyone done anything creative to cover cinder block walls on the interior?