In a couple of our very low income rehabs we have actually used vinyl flooring as a shower stall wall.Glued onto the wall(s) & siliconed to the bathtub lip one is still up after 5 years.

Using the BP tools rental property calculator and adding expenses for Vacancy and Capex,  at first blush this looks like a terrible investment with -109.85 monthly cash flow and -263.65% cash on cash ROI. 

Governments give lip service to the need for affordable housing and implement regulations that discourage it (like I said - not really here - but I hear tons of stories from elsewhere).

There is no 2 month look back in a loan audit, that's for origination and often, it can be 3 months, that is at the discretion of the underwriter, not the commissioned hottie red lips or sly studley trying to make loans! 

. :)Putting in an offer on another one tomorrow too (5 blocks from interstate).Additionally, If you are up for the challenge, I think my girls (2 & 5) might be able to take you down in a lip sync battle, at least on Ice Ice Baby and songs from Lion King. :) Bring it!

YOU CAN'T.NOT possible.Now STOP... before any of you give me lip, shush and read this for indisputable proof I am right:https://www.biggerpockets.com/...Now, my silly little American munchkins.

Meaning the finishes of the rehab, materials, AND how the rehab investor (who you'll flip the contract to) does rehab... is it lip stick on a pig?

Generally, if there are issues the bosses are tight lipped and if there are not, they have no problem providing glowing reviews.

As a society we seem to pay lip service to 'morality,' but practice something else.

In old house like that, we typically remove aprox 12" strips of plaster with a reciorocating saw in the area where we want to drill holes through the studs to run new wiring, cut hole in other strategic areas as needed.We put 1/4 drywall over top of the existing plaster, typically the older houses have wide enough baseboard and trim that you still have a nice "lip" at the edge.Saves a LOT of plaster demo work, not to mention a lot the extra trim work.