Plus purchase a fridge and W/D set.

Theyre pretty rough now so I'll be needing 24 entry doors, 14 or 15 sets of entry locks (extras for swapping at turns), flooring, light fixtures, 12 kitchen countertops and backsplashs, lots of fridges, ranges, hoods and the list goes on.

I now have several guys who I pay by the job to do everything from yard work, to cleaning out fridges.

Remember, these borrowers don't qualify for conventional financing such as an FHA or VA, if they could they wouldn't take a high rate loan.Another aspect, you don't want to take all their money either, they must have funds in reserve as any car repair, or fridge going out or hospital trip will put them in the hole and the pattern of default begins.Kinda hate to say it this way, but many low end buyer/borrowers are almost childlike, they beg for the deal, they make poor decisions accepting questionable properties, they will promise to be good and they will have good intentions.

If I were traveling alone on business, which I sometimes do, I'd be more interested in putting groceries in the fridge and cooking "at home".

Is $10,00 -$15,000 a safe estimate for material for laminate flooring, carpet, a "new" kitchen(mostly slightly used materials in the cabinets, stove, and fridge), vinyl siding, interior paint.

Home ages range from ~1900-1940 CapEx Quantity Replacement Cost Total replacement cost life span Cost per Year Cost per Month Roof (most homes here older and have more than 1 peak in roof- not simple gable roof) 1 12,000 12,000 25 $ 480.00 $ 40.00 Water Heater(s) 2 1,200 2,400 10 $ 240.00 $ 20.00 Appliances: Washer 1 500 500 10 $ 50.00 $ 4.17 Appliances: Dryer 1 400 400 10 $ 40.00 $ 3.33 Appliances: Stove/range 2 500 1,000 10 $ 100.00 $ 8.33 Appliances: Fridge 2 600 1,200 10 $ 120.00 $ 10.00 Appliances: Dishwasher 2 400 800 10 $ 80.00 $ 6.67 Driveway/Parking lot 1 5,000 5,000 30 $ 166.67 $ 13.89 HVAC 2 4,000 8,000 20 $ 400.00 $ 33.33 Flooring 1 6,000 6,000 6 $ 1,000.00 $ 83.33 Plumbing 1 5,000 5,000 30 $ 166.67 $ 13.89 Windows 1 5,000 5,000 30 $ 166.67 $ 13.89 Paint 1 4,000 4,000 5 $ 800.00 $ 66.67 Cabinets/counters 2 4,000 8,000 20 $ 400.00 $ 33.33 Structure/foundation 1 10,000 10,000 30 $ 333.33 $ 27.78 Garage door 1 1,500 1,500 10 $ 150.00 $ 12.50 Landscaping 1 1,500 1,500 10 $ 150.00 $ 12.50 Cap Ex Total $ 4,843.33 $ 403.61

I'm willing to get new fridges and cabinets and whatever else the tenants want to be happy.

They have a lot of $2000-3000 fridges with nasty damage on the front that they wanted $1000+ for.

Of course that comes with the occasional tenant turnover, maybe getting a new fridge in there, etc. but that's easy.