We just closed a deal today that worked out as follows:- Two level town house in a gated community with spectacular ocean views, 20 years old, all original and in fairly 'used' condition (bleached carpet in spots, etc..)- Estimate for total renovation including new kitchen, two bathrooms, fireplace, new flooring throughout, wall removal to open up the kitchen through living space, a couple of other wall moves to improve floorplan, including permits and general contacting fees and strata consultation. $50,000, but with the expectation that it could be $80,000 to be conservative.

Regarding people that I've read about that crashed and burned spectacularly, the person that really stands out to me is Wade Cook.

One of my rehab projects is on Pacific Coast Highway in Malibu, which has one of the most beautiful coast lines in the Country!

My name is Jim and I'm from a little town called East Lyme CT (about half way between Boston and New York) on the CT coastline.

First, hurricane is not a big problem in Myrtle Beach as the concavity of the coastline there.

Anguilla frequently has celebrities visit because it's a secluded island yet has some of the most spectacular beaches in the world.

Painted them and they are ok if not spectacular.

A trust is a spectacular way to protect yourself.

The cash flow per month isn't spectacular but I am investing so little into the project that my CoC % return is still high.

Maybe I should clarify that the current financing on the property actually includes a 2nd mortgage with a spectacularly high interest rate?