He had his handyman: Touchup/cement all the wall areas with any cracks/holesPainted the basement white (professional sprayer used)Any exterior cement walls got UGL Drylock just in caseAdded extra lighting (3-4K LED bulbs are great) so it makes the whole space now feel 'light and bright' and not a scary, dark dungeonAdded coin-op laundry x2 (washers and dryers, 2 sets). 

This usually doesn't happen here any more with banks since there is such competition here at this time (but we found extensive damage that was hidden such as the roof having three layers of roofing, the bottom which was cedar shake with ZERO sheeting at all).Pre-purchase: 2bed/1bath 800 sqft finished living space with an unfinished 720sqft basementAfter Rehab: 3bed/2bath 1520 sqft finished living spaceRehab consisted of: demo, re-wire entire house, move electrical panel and update, roof, siding, hardwoods installed, build new bath in basement, add master bedroom in basement, add washer dryer closet in basement, remove upstairs wall and add beams, remove addition in back and rebuild deck, fencing, landscaping, EVERYTHING, you get the idea.This house did take a full month longer for rehab then anticipated, but it all worked out in the end.The Bad: Budgeted 75k for rehab, ended up 88k, anticipated 60day rehab, took 90days, termites, no HVAC where we thought, Water heater was leased so it got removed after buying it (didn't know that), had to fire a contractor and have others fix his bad work, bath tubs were lain incorrectly and was not discovered until we were ready for tile...The Good: House turned out WAY better than thought, the additional time for rehab gave time for neighborhood market to increase as well, low inventory at time of listing, sold in 4 days.Numbers:  Purchase: $165k (CASH)Rehab: $88kHolding costs: roughly $2500All selling/closing/realtor/staging/misc: $35kSelling Price: $369,000 with no concessionsNet Profit roughly:  $82,556

Each side of the duplex has a living room, dining room, kitchen, sunroom, and a covered front porch on the first floor; 3 bedrooms and a bathroom on the second floor and separate basements with spaces for storage and washer and dryer hookups for all of your laundry needs.

Same deal with tamper, scaffolds, power washer, lawn mower. 

My buddy had the same problem with a washer/dryer he left in the duplex. 

It already has a rear entrance built in with steps leading up to the door making it a prime candidate for this.My equity partner who is a GC seems confident he can make this into an efficiency with a full bath, kitchenette, washer/ dryer and place for a bed.

After Repair Value: $200,000Closing Costs at time of purchase: $3,717Monthly Holding Costs: $1,622Interest Payments: $905Property Taxes: $537Electricity: $50Water: $30Insurance $100Number of months holding costs: 9Total carrying costs: $16,693Repairs $84,272 + 10% Contingency = $92,700 TASK UNIT Materials Needed Line Item Cost Asphalt Shingles Per Square 30 $6,600.00 Build Deck Per SF 150 $2,700.00 Large Concrete Jobs Per SF 1000 $5,000.00 Install Sod Per SF 2000 $4,700.00 Roll-Off Dumpster Dumpster 4 $1,400.00 Full Demo Per SF 1000 $400.00 Service Call Per Hour 16 $1,360.00 Natural Gas Hot Water Heater - 50 Gallon Per House 1 $710.00 Replace All Supply Lines Per Fixture 4 $800.00 Install/Replace Tub Per Tub 3 $1,050.00 Build Tile Shower Per SF 225 $4,387.50 Kitchen Sink Per Sink 1 $120.00 Bathroom Sink Per Sink 3 $210.00 Kitchen Faucet Per Sink 1 $90.00 Bathroom Faucet Per Sink 3 $210.00 Trim Kit Only Per Tub 3 $390.00 Install/Replace Toilet Per Toilet 3 $510.00 Replace Washer Box Per Box 1 $175.00 Rewire House Per Fixture 100 $10,000.00 Replace Furnace Per Unit 1 $1,800.00 Compressor + Coil Per Unit 1 $2,750.00 Frame Walls Per LF 30 $360.00 Wall Board Per SF 500 $580.00 Non-Wall Board Per SF 500 $630.00 Exterior Door Per Door 1 $800.00 Interior Door Per Door 6 $1,020.00 Replace Window Per Window 20 $5,400.00 Repaint Per Floor SF 1000 $2,250.00 Paint New Sheetrock Per Floor SF 600 $1,560.00 Install Kitchen Cabinets Per linear inch 324 $5,670.00 36" Vanity Per Vanity 3 $690.00 Granite Countertops Per SF 50 $4,600.00 Install Solid Wood (Site-Finished) Per SF 1000 $6,000.00 Install Tile Per SF 700 $3,850.00 Permits Per House 1 $200.00 Refrigerator Per Appliance 1 $1,500.00 Range Per Appliance 1 $1,200.00 Dishwasher Per Appliance 1 $550.00 Microwave Per Appliance 1 $300.00 Washer/Dryer Set Per Set 1 $1,500.00 House Cleaning Per House 1 $250.00 Commission to Realtor at time of Sale 7% - $14,000Interest to Private Lender: $933Offer Price: $37,000Potential Profit: $38,375 --> Some factors about this one…it's on a busy road and there aren't a lot of similar style houses to use as comps, the house does sit on a larger sized lot for the area though.

Also have a few $250 washer / dryers that are still going after 15 years.- Tom

But also consider value adds, like adding a washer/dryer and charging a monthly fee.

The total sq.ft is 5,200 and each unit has washer/dryer, dishwashers, and appliances.