For example… Home needs paint, flooring, has rusted plumbing in the bathroom and has termite damage.

This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

Get your own boots on the ground, meet the people you will rely on aka the cleaners two handmen, meps(mechanical, electrical, plumbing) contractors.

The exterior was painted when we bought it, we refinished the floors, added carpet, new paint inside, refinished the kitchen cabinets, replaced a couple windows and did some minor plumbing work inside (along with getting rid of TONS of junk throughout the inside and outside of the home!)

Purchase price: $55,000 Cash invested: $65,000 Sale price: $140,000 First complete renovation all but reframing--new electrical, HVAC, plumbing, complete bathroom and kitchen demo and remodel.

I spent $15,758 in soft costs and $38,572 for slab, plumbing ground and inspections up to that point. 

Can handle basic construction, carpentry, wiring, plumbing, painting, and handyman stuff.U.S.

It is definitely cheaper to do it while you are already working on kitchen and plumbing.

I do have an eviction lawyer, Brian Heckman if you have ever heard of him.I’m doing extensive remodeling, it’s on knob and tube, over 100 years old building and plumbing, so about 2-3 months renovations.

Duplexes often have shared systems (plumbing, HVAC, etc.), so make sure these are in good condition.Maintenance Costs: Older properties may have charm but could come with higher maintenance expenses.