It was our first stop when we got back home.About 2 months later we got a letter from a house painter in the city where the purse was stolen demanding that we make good on the two checks "we" had given him to paint "our" house - checks from the closed account.

Needs paint, carpet, light fixtures, and trim.

Joy of working short sales I guess.Rough numbers are:Purchase: $180kRehab: $8kSale: $250kI was gonna change the floorplan some and update more and sell in the $275k range, but I think the better play is to just do paint, carpet, clean up and flip it quickly for $30k or so after holding/sales costs.Had some new private lenders not come through so its either find some money or a partner or go institutional hard money...which doesn't appeal to me.Open on terms and split depending on how the work/money/experience shakes out.

People that actually know how to change a light bulb, paint a fence or run, repair and put gas in a lawn mower have long since left.

The best looking home has paint peeling off the building and damaged windows.

In my opinion I'll purchase the property an do a little painting to give it a new refresh look for my new tenants

It's becoming a small problem as I'm trying to paint the floors.

House #1: 3 Bed 1 bath Rents for $700/month (needs paint and probably new carpet) House #2: 2 Bed 1 bath Rents for $400/months ( needs no major work) House #3: Large 3 Bed 1 Bath Rents for $850/month (needs no major work) Tri Plex.

I have the opportunity to purchase a $200k property with 6 units that range from $400 - $700/mo.House #1: 3 Bed 1 bath Rents for $700/month (needs paint and probably new carpet) House #2: 2 Bed 1 bath Rents for $400/months ( needs no major work) House #3: Large 3 Bed 1 Bath Rents for $850/month (needs no major work) Tri Plex.

It seems like paint and flooring can run well into the thousands in a hurry.