I just think they're seeing the house with rose colored glasses because it's been in their family for so long.I'm estimating $120k-$160k in renovations for medium grade finishes and keep it a SFH, so I'm thinking I'd offer around 190k and with that mortgage it probably wouldn't cash flow as a rental, so we'd probably live there and rent ours out (potentially as a mid-term) since our mortgage is pretty low.Another option is trying to work with a hard money lender, stay in our house, and either:- Spend more on rehab to turn theirs into a duplex (2 br/1 bath each). 

Purchase price: $93,500 Cash invested: $50,000 We’re excited to share one of our favorite flips in progress here in the Lubbock Cooper area.

@Chris Howell - There are several books on this topic, but two of my more favorite ones are Raising Private Capital by Matt Faircloth and Raising Capital For Real Estate by Hunter Thompson.

I manage 31 units myself and only occasionally take along my favorite contractor if I’m serving eviction paperwork.

It is my favorite mode of real estate investing as it offers a way to bring in more income, gives tenants the benefit of a good rental at a lower price, and provides the landlord with less risk as we are able to have them on GAR lease agreements. 

@Mila F. top of my least favorite tenant list, I suddenly need emotional support. 

Check that they have an active bond (you can even request a payment or performance bond to ensure they pay their subs and perform the work as promised 5. when reviewing the contract before signing go over every detail a proper scope of work should be detailed down to the material and equipment used like simply saying install kitchen cabinets is a sign to not choose this contractor, it should say install type, model #, color, features (the more detailed the better) if it's not detailed then you risk the builder installing something cheaper that you paid for this goes for everything even paint and also how many coats are applied. 6.

@Emily Freeman I see this is your first post, welcome to BP.Traditionally my favorite has been tracking down the owners of vacant boarded up houses.

Rockaway Beach  - A favorite for locals and short term rental investors. 

I was wondering if there are any favorite companies that offer turn over services for rentals?