You know the drill - you post the ads and the countless zillow, trulia, hot pads, etc etc etc emails start coming in... 

Being that this is my first flood rehab, I did a good bit of research prior to purchasing and also put in a good bit of padding in the scope of work.Scope of Work SummaryInsulation and drywall for walls on the first floor.

So, instead of making my attic pimp pad, the idea in my head right now is try to finish the basement for $7-8000 and rent it out for $5-600 a month, putting my ROI just under 1.5 years,(and my personal cost of housing at $0) at which point, will be the 2 year mark on the property, and the house will then have a finished basement, which will demand more rent at that point ($1400 instead of $1000-1100).

While I could borrow (I doon't feel comfortable enough to do that yet) I've decided to apply the brakes a bit and gather some capital so I can come out guns ablazin' in due time.I say be patient and trust yourself to do the right thing.

@Greg Brake Come on Greg, you can’t miss it, first one I’ve ever heard of in Joplin.

Probably not, but they can certainly put the brakes on some of the price declines that we are seeing.

Some carpets won't show pet accidents or stains, but it takes one minute to pull the carpet away from the wall to see damage to the pad or flooring.

- List it on the MLS - Re-key - Turn on all utilities in my name - Pull up the carpet and padding if any (this is the cocktail for me, it's more ceremonial than anything. - Start pre-op demo (make sure pre-plannning is still viable) - Bring lockable trailer pod with any materials/installs - Take several deep breaths

Ideally there is a shorthand or ballpark method I could use on my own at this preliminary stage to avoid excessive spending on padded research fees.

Right now I have mostly long-term infrastructure but since I can't fill the pads and now I'm trying to decide when I should consider finding the money to put in enough stuff (pool, better pads, clubhouse, etc.) to get vacationers.