Or you can just be above average.Yup on the remodels i have done in Charleston i have made no less than 50k per project and the new construction averages about 100k profit per house and up.. so yes i know some only make 15k but .. to compare that to just putting cash out to create 200 a month in delta.. only way this stuff works if you can find deals with a ton of equity.. to just buy sub too and have very little equity to me is a fools errand unless its in known areas for decent appreciation.

Complete remodel new floors, cabinets, tile, paint, lights, doors and garage door, millwork, deck.Lessons learned?

The second house we spent $10,000 remodeling both bathrooms and the third house we spent about $17,000.

I am a person not afraid to get my hands dirty and do some work myself to save money as I has been living in fixer-uppers and remodelling them myself for years.

Complete remodel of kitchen and bathrooms.

Turns out they have 3 vacant and 1 unlivable (remodel) property with most not being lived in all year.

So I had this crazy idea that we could renovate the house putting in a 2 bedroom/2 bath apartment and also remodeling the carriage house on the property into a rental unit, and we could probably sell it and not lose money or at least have an income property were we could rent out the 3 units and we could move and my son could rent one of the units while managing the other 2. 

@Gaston Ledford if it's just been remodeled and your confident in your remodels I would stick to closer to 2%.

Purchase price: $129,000 Single Family Residence originally owner-occupied, with light remodel.

I just finished a remodel for a duplex in Echo Park and had a Rheem RTX 13 electric tankless heater installed in each unit.