Early this week I will start posting some after pics as well.The total budget is $30,000 and here is the breakdown.Draw 1DemoPlumbing repairsNew Gas boiler install for 1st floorService of the 2nd floor gas furnaceTotal amount of draw 1: $8500Draw 2Remodel 2nd floor bathroomremodel 2nd floor kitchen: new cabinets, flooring, countertops, and appliancesSheetrock 2nd floor front bedroom ceilingInterior paintReplace 3 windowsReplace interior doorTotal amount of draw 2: $8000Draw 3Rebuild front and rear porchesWrap all windows with aluminumPaint all exterior trimTotal amount of draw 3: $8500Draw 4Remodel kitchen on the 1st floor: additional cabinets, countertops, backsplash, & appliancesOpen master bedroom wallinterior paintinstall flooring in master bedroom and living roominstall new bathroom vanityTotal Amount of draw 4: $5000

Roof over lay maybe maybe not... refinish floors maybe new counter tops and rehab bathroooms.. spruce up landscaping and paint in and out.. usually a 10 to 20k job.. that is what I see kind of the middle of the road.. then you of course have others that will try to do the least possible. like this one they brought in a Used condenser unit.. that was a huge red flag and it was no good to begin with.

Some of the proposed renovations are:- New cabinets- Quartz Countertops- Backsplashes- High-end appliance package- New flooring, paint, and fixtures- Electric car chargers in every garage- Smart home package- Community upgradesWe are anticipating these upgrades to result in a revenue increase of more than $650 per unit per month, from the current $1,644 to $2,304, and we expect the re-positioning to be completed by the end of 2024, or sooner.FINAL THOUGHTSWhiteHaven’s general approach to new acquisitions is most informed by our belief that prolonged success is a function of an unfair competitive advantage.

This is a middle/lower middle class neighborhood and most comps have similar cabinets with updated countertops, though some cabinets are painted white.

And I'd be looking for SFH in good condition that don't need a bunch of work, maybe cosmetics, clean, paint, carpet, flooring, counter tops.

When it was sold it was advertised as a "complete renovation" including roof, A/C, windows, drywall, flooring, cabinets, countertops, ,etc. and the buyer was told that we estimated $30,000+ for the renovation. 

Practice and experience.Go to home depot, lowes, or any home improvement store and get to know the prices of toilets, countertops, tile, carpet, installation costs, paint, etc.

2) Minor upgrades like.......replacing vinyl and carpet floor with tile (areas except bedrooms), Kitchen countertops from pretty roughed shape to newer laminate one, cabinets (kitchen and restrooms) refinish/paint over, etc.......

New appliances in kitchen, granite countertops, ceramic tile, new carpets - nothing needs to be done to unit but clean carpets - cats....Expect it to rent for $1,100-$1,200 so should cash flow nicely.Question - I'd like to try to buy the unit fully furnished - couches,washer/dryer, everything but the mattresses and box springs.I know I can't put the furnishings in the offer price for mortgage, but would provide a separate cash offer for those.I am thinking about structuring an offer like this:Open at $115 for the unit unfurnished, seller to steam clean carpets plus a couple thousand cash for the furnishings.

I already purchased my black galaxy counter top so that can't be changed at this point.