Purchase price: $179,000 Cash invested: $15,000 Lived in the property for 1 year.Knocked down living room wall, replaced Hvac, floors and gutted and remodeled the kitchen, attic insulation, converted the living room and the dining area into rooms.

The nature of the remodel would make it somewhat hard to inspect if it was done right without being removed.

Because there was so much remodeling done, everything inspected well and should last many years.

The 1 bathroom has the major leak at the toilet which is causing major damage under the floor.

I remodeled and added a bedroom to the original house, and then built the second house after.  

I intend on doing a cosmetic remodel prior to selling down the road but it's not ready for that.

Once it’s paid off or remodeled, it could become a fantastic rental property or your forever home, as you mentioned.

No holding cost, no tenants, no insurance, no leaking toilets.

Guest runs out of coffee, runs out of toilet paper, needs more towels, etc, we can usually get them any of these things in under an hour with the delivery service, and for much cheaper than the typical service call to try and have your cleaner stop by.

I’m not a full time rehabber, but am currently remodeling two houses I have held for a long time.