With that in mind, you'd also have to make sure the land you'd buy has water and electric running to it already.

If it weren’t for some contractor issues, we would have netted around $60K, but it ended up closer to $45-50K (I don’t have the exact numbers on hand).

I think there is a common misunderstanding that licensed contractors cost more.

Nice try, but this time does not count.In order to meet 750 hours, your wife will need one of the below:- do something else real estate related, like wholesaling or realtor- actively work on expanding your rental portfolio - have an extensive DIY rehab, like a month-long full-time rehab (and then she might need another kind of rehab)- a calamity such as multiple properties damaged in a storm where she will have to deal with insurers and contractors- something else out of the ordinaryAgain - if all you have is 9 single-family properties with stable tenants and typical occasional maintenance - you don't have enough work to collect 750 hours.

You just need to make sure you hire out the right contractors, as there are a lot of unreliable GCs there.

You will also need to vet out contractors in the area to ensure you that they can stay on top of your project and will do what they say.

Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.

He has a long history of scuzzy behavior and doing bad deals in NYC, not paying his contractors, etc.

My husband is a contractor, and we’ve done projects like this before for our own home.

Hello, my name is Sergio Vasquez, I am a builder/contractor in British Columbia, Canada.