A good ballpark is $1,000–$2,500 per unit, but this depends heavily on how extensive the turnover is and whether you’re self-managing or hiring contractors.If you’re looking for more precision, connecting with local property managers or contractors can provide insight into typical costs for properties like yours in the area.

I feel my skill set, with an extensive background in project management, estimating, and renovations, makes me well suited for REI and  I am eager to start taking steps to transition my career to this industry.

Unlike cash buyers or those with extensive experience in the market, many younger buyers are still navigating the mortgage process while actively house hunting.

Are you only willing to take on light or medium renovations, or are you open to more extensive work?

Then one of their coaches threatened to back out but the student finally was able to get through to Tyler, they worked it out but now they need even more money for the contract extension.

You must have done an extensive amount of work on this property.

You’re committing to a large lump-sum payment at the end of the term without any leverage to negotiate extensions.

As a first time and out of state investor, my top priorities for this first investment were (1) a property that would be quick to rent (as I didn’t have other properties to offset extended vacancy rates), and (2) a very strong local PM team that RTR had extensive success with.

There is extensive damage to the house and I am working with my insurance company and have talked to couple of fire restoration companies.

Direct participation, active investing, extensive time commitment, etc. are NOT the only way to successfully invest.