🤷‍♂️Love this post and what Scotty posted.Congrats on your success thus far.As much as I love real estate and business it never is passive and never will be totally passive unfortunately.There is always a risk component involved and a reliance on someone.There will always be that gut wrenching phone call that makes the stomach turn.It all come's down to how much is enough for someone to live a happy life.I unofficially retired at 28 and am back chasing now at 36.Parents and family are getting older and have a huge will and in a way pressure to retire my old man.A beautiful person and father.I've checked off mum and uncle from the list hahaFew more to go lolI am and always will be a "real estate guy" per se but a few years ago I asked myself this question:"How can I get the highest possible return, with the least amount of risk, without doing any work and without involving anyone else?"

Nice kitchens and bathrooms are great, but if all the mechanicals are old, electrical is outdated, and its all made up of plaster walls, you might as well gut it. 

Take your time and pick carefully, going with your gut when you decide.

Also the $20 faucet with plastic guts from the big box store that's on sale may not be your friend.

While there's less bedrock to stand a defense by on this gut based approach, as long as the criteria that's compelling the denial or delay does not violate the law, it should be fine.I've been leasing property for 13 years and have dealt with pretty much every personality and all woks of life.

My first instinct was to ask the Realtor but wasn't sure how good his knowledge on the subject is.

I did a lot of new construction in Charleston SC and did full gut rehab on 2 small MF>  built about 35 homes.. the prices in charleston are very high compared to say Columbus OH. in the order of magnatude to 2X to 4X per prop.. but its a fabulous city. 

My niche was looking for areas that were run down but getting ready to gentrify (or so I thought, sometimes it's just a guess or gut feeling :-)Drive around the areas you have selected as possible money-makers and then drive, drive, drive.

My instincts told me something was not quite right and after consulting with another RE investor, I decided to respectfully decline to do business with the guy.

I understand we will need a GC since it’s almost a full gut rehab but do they help us get plans together or do I get those and then hire?