Bathroom:Demo & Prep ($750):DIY toilet, vanity, and flooring removal.Professional plumber for plumbing adjustments.Toilet ($250):Standard, efficient model.Vanity & Sink ($900):A modest-sized vanity and sink combo.Flooring ($500):Wall Tile (Shower/Tub Area) ($1,000):Basic ceramic tile for the shower/tub surround.Shower/Bath Fixtures ($250):Update showerhead and faucet.Lighting & Paint ($250):DIY painting.Update light fixtures.Permits & Contingency ($3,000)Total rehab cost: $30,500Amount Needed: $30,500ROI: 45% of $30,500Investment Duration: 30days Profit: $13,725Total payout in 50days: $44,225EMD: The buyer has put down a 20% earnest money deposit based on the property’s ARV and they are all set to complete the purchase as soon as the rehab is done.To find out more about our Joint Venture projects, please visit our website: http://strandparkproperties.comWe're able to guarantee the return on investment (ROI) by finding buyers for the properties before listing them on our website for possible joint venture fix and flip.

Quote from @Calvin Thomas: Quote from @James Hamling: Ok, to those who think % base assures a PMc will "make sure property is leased" you are wrong, and I will explain why and the reality of what it does. 

Have you heard the expression "when visiting someone, don't stay longer than 3 days or you begin smelling like dead fish".  

Although I do know someone who has guest bedrooms and uses them mainly for in laws visiting from out of town.

Our guests are a mixture of workers in town to those visiting university for homecoming/graduation ect.

It was an absolute slog full of apologizing for our house when friends/family would visit.

If you can’t get seller to show you around, then you can ask your pm to notify tenants that they will be doing a welcome visit to all the homes to capture current condition.

Particularly for your first few properties, I'd highly recommend that you manage the property yourself (if possible), but that's usually only possible (or most effective) if you live near the property or visit it frequently.

Let me know if you have different information I went to visit the factories in Las Vegas (great reason to go to Vegas..lol) and its impressive.

I’ve currently got a 3/3 and generally there’s 2 of us living here but when my daughter and family come visit, 5-6 people having even more than 3 bathrooms would be a plus.