We also patched a few holes in the walls and cleaned the house up as well as possible and listed a little over a week later.

Both are %8-9 APR but I will quickly cash-out refi once the rehab is complete in 1-2 weeks so I've only had to make 2 payments on each loan thus far.Rehab includes:Full Bath RemodelFull Kitchen Remodel w/ butcher block countertopsNew FurnaceAdded Central A/CUpdated ElectricalUpdated PlumbingRefinishing of original hardwood floorsInterior paint and trimExterior patch and paintRoof was only 4 years old a time of purchase and foundation is solid.Purchase Price: $42.5KRehab Cost: $30KTotal: $72.5Comps: $90-140K (Average $115K)Potential Profit: $42.5KFinal decision on whether to sell or rent will depend on appraisal.Photos will be uploaded within 1-2 weeks once complete.

That way, if you, for whatever reason, have a rough financial patch you have the option for a lower payment.

The pilot hits patches of turbulence and strong winds but he/she doesn't land the plane.

I have that same problem with carpeting, where most of it is still okay but there's a few areas or patches that need to be replaced.

I'd keep as much drywall as possible, only take out what is molded, and patch the holes.Like what was stated earlier, this needs to be more than 1 1/2 bath, atleast 2 maybe 2 1/2Materials shouldn't be too bad since you don't have to buy top notch products.

In addition to insurance, taxes, P+I, landscaping and vacancy rates, be sure to include a capital a percentage of your rental income for major capital events (roof, air conditioner, etc) and basic operating expenses to be sure the investment is going to be sound even when you hit a rough patch.  

Places like Bevo, Dutchtown, Marine Villa, Mount Pleasant, Carondelet, and Patch.

If I had to pay a contractor for each of those homes my (your cost) would have been no less than $3500 for each home when including opening the walls, drying the structure, dealing with mold tests to satisfy the buyers, patching holes and painting.

(Doors Material)$2,500.00 (Vanities/Tub Material)$1,500.00 (electrical materials)$2,500.00 (Granite)$500.00 (Baseboard materials)$300.00 (Door Trim)$500.00 (Faucets/shower bath fixtures)$1,650.00 (paint labor and material)$400.00 (Water Heater)$750.00 (Carpet labor and materials)$2,500.00 (appliances)$1200 (light/fan fixtures)$750 (plumber labor)$250 (wood beam material)$100 (new ac Grills)$500 (drywall patching labor and materials)$200 (master bath mirrors)$200 (master bath shiplap)Costs to be incurred but not seen in pics. glass for master and guest bath. $2200.