Cash Flow: Older Property: Yes, an older home might need costly repairs down the road, such as roofing, plumbing, or electrical upgrades.

You have to let them get tired of paying the gas and electric, cutting the grass etc.I just closed one 10 days ago where the lady had every one of my letters I sent over a whole year.

The plan was to complete flooring, electrical upgrades, new kitchen and bathroom, exterior fascia work, and some new windows, with a target listing date of June 15th.Update (5/12/24):The property has been stabilized since June 1st of the previous year with great tenants in place.

Originally posted by @Jay Hinrichs:@Ben Leybovich  I bought an X as well.. doors are worked out .. awesome car.. dual electric family  Good for you!

Being a very handy person and an engineer, I feel confident that I will catch all issues.For example, I just noticed that I have a couple of loose electrical outlets.

Ideally, they have experience with electrical, HVAC, plumbing and management. 

We needed an upgraded 200amp electrical panel ($5-8k), extended water and sewer for the garage ($5k), built out interior ($7k?)

Electrical panel/updating wiring throughout house3.

The wholesale electric rates depend on location and time-of-day in 5-minute intervals.

And then there are also  sewer scope fees, and if your inspector recommends other inspectors to do inspections on things like the plumbing system, the roof, the electrical system etc... those have to come out of your pocket also- if you're going to pay for them.Does your lender require a Phase 1 Enviro; How do you intend to pay for that?