Purchased for $139,999 using a mix of cash and hard money, we revamped it with modern updates, including a new kitchen, flooring, and fresh paint.The property rented for three years, generating steady cash flow of $450/month.

Our house down there is the same way, with a metal roof, open air, then a concrete floor or roof above our 2nd floor living quarters. 

As for turn over cost I would save for new floors and paint obviously every house is different if you have a 30 year old oven then add that in to but as a rule of thumb save for paint and new floors.

-If its a large house that has a dedicated laundry room on the first floor, throw in stackable  laundry units on the bedroom floor.

All of the smell was in the wood floors, original from 1928.

I bet you were floored when the person ordered every package you had to offer!!

The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.

You mean the water was so heavy that it cracked the floor joists and the entire floor and basement ceiling fell in?

The property seems to be in good shape and will requirecosmetic rehab.  5/3 house 2600 SQFTWe will need a new AC, Kitchen upgrade, bathroom upgrade, flooring, painting, andcarpet upstairs.  

By the time I arrived in the evening, everything was torn up—floors, walls, plumbing.