A recent article in the Remodeling Magazine (a publication for professional contractors) made the case that if you don't mark up your subs by 40% you might loose money as a GC.

For example, an experienced general contractor who does significant remodels of nicer homes might choose to go into house flipping because their practical experience is directly applicable.

I do have an eviction lawyer, Brian Heckman if you have ever heard of him.I’m doing extensive remodeling, it’s on knob and tube, over 100 years old building and plumbing, so about 2-3 months renovations.

I have remodeled the unit completely prior to putting it to rent, including addressing pre-movein readiness checklist I was given by RL after they walked through the unit (small list of punch items like toilet paper holder, cleaning unit, door stopper etc.).

Needs new flooring indoors in all areas (4 bedrooms, entrance way, hallways, 2 bathrooms and kitchen, 2 new windows, and 3 stand alone ac units for kitchen) Needs kitchen remodel, 1 possible new bathroom remodel.

I have to pay $500 to get an appraisal but ill do that after I remodel and add a bathroom and install new AC.What is your current interest rate?

I think it's okay to not have a deluxe backyard, see what the market is demanding.We didn't want to or have the funds to do a full renovation, Here are some things we did when we got our primary ready to rent:-Tore out fiberglass tub and surround in master bedroom-Had new tub and tile surround put in (felt nicer for primary bedroom suite)-New toilets and all new faucets-Hired guy to resurface all kitchen and bathroom countertops-Took down popcorn ceiling and had resurfaced/ painted-Neutral paint and trim throughout (had different colors all over prior)-changed out washer hook-up valves to prevent issues Things I wish we would've taken care of:-regular yard maintenance hired out and baked into rent-LVP flooring throughout (kept mix of tile and carpet)Just did final walkthrough and got keys this morning for tenant moving out.

. $230k - I believe $5000 out of pocket, seller paid closing costs etc.January - Today > Remodeled Unit 2, 3 & 4 New Flooring, Kitchen, Bathroom, Tiled Showers, ETC.Today > Resigned Unit 1.

I'd remodel and sell this property as a flip and net 15-25% ROI today, rather than wait 5 years to make a little more.

You remodeled it at some point and added a new roof and HVAC system and that was all in for 50k.