It is very well organized throughout and easy to read with a graceful style which reflects the confidence and experience of it's author.

The difference is that there's an entire industry built on teaching people that Real Estate is simple and easy riches.

I've never heard any preference from anyone for either type so I don't plan to EVER use the drop-in style again.

Worked out to about $10k/unit. 2br/1.5ba townhouse style.

So, I need some advice on how to cut some on this project; here is the budget...............Demo- $2800Roof- $4800 (fix roof on addition and raise roof in kitchen)Gutters- $1200 (replace gutters)Siding- $3500 (replace with new siding)Exterior Doors- $1800 (replace 3 doors)Shutters- $600 (add to front windows)Exterior paint- $1500 (paint cinder block, trim, porch, columns, shed, etc)Landscaping- $700Windows- $3000 (replace all windows{14} except 3)Walls- $2500 (open up 2 walls from living room, dining room and kitchen)Drywall- $4500 (replace all ceilings, repair and patch as needed)Rough Electrical- $4800 (bring up to code, install new outlets, GFCI and ARC fault breakers, move electrical in basement to free up ceiling space)Finish Electrical- $1600 (replace all receptables, outlet covers, switches, switch covers, light fixtures, and ceiling fans)Rough Plumbing- $3500 (replace water heater, relocate/replace plumbing to free up basement ceiling space)Finish Plumbing- $700HVAC Rough- $4500 (Replace oil heating furnace and add AC unit)HVAC Finish- $400 (replace covers)Ductwork- $2500 (add new ductwork, registers, and grills)Kitchen- $10,000 (add bar style pennisula with cabinets, replace all cabinets, add grade A granite, create pantry, replace flooring, glass backsplash, new appliances)Bathroom #1- $3500 (bathroom #1 remodel)Bathroom #2- $4500 (basement bathroom creation with injector pump)Interior Paint- $2200Interior Doors- $600 (replace all with 6 panel)Baseboards- $3500 (replace all baseboards)Flooring- $4500 (replace with new hardwood)Carpet- $600 (in basement family room and bedroom)Finish Basement- $7500 (framing, insulation, drywall, trim, etc.)Leveling Basement Flooring- $5300 (tear up concrete and relevel)This is an older house with older doors, molding, finishes, etc.; nothing really has been updated.

i was focusing my plans on fix and flips because i can not live off the cash flow of one or two rental properties.. my five yr plan was to do fix and flips for the first two yrs of my real estate investing and then to acquire 2 buy and hold properties per yr after that while continuing to do fix and flips at the five yr mark i was going to re evaluate... in my market u can buy a 3 bdr 1 bt brick ranch style 1300 sq ft home in low crime area for $25000 ... flipping is harder to put a number on due to all the variables

That would definitely be huge no-go for me, like someone else said you'll be the next "creditor" not getting your payment.And don't put a lot of confidence in a money management course to teach grown or nearly grown people to do better with their money.

Yes depends on the tenant and where it is and how long you plan to hold the property.For town house style the tenants in lower income rentals tend to work labor jobs.The lower level takes an absolute beating if you have carpet. the red clay trashed the carpet.

You can go online to Sherwin Williams and pick different colors to try on different styled houses they have on there.

. $150/sf could just be a safe number based on standard house styles and finishes in your area, but the actual cost will be based on lots of things: - Size of house - Level of finishes - Basement/No-Basement- Amount of framing (it's cheaper to build a rectangular box than anything)- Type of floor system and roof system - Difficulty of lot access/terrain/topographic - Etc.So, the $150/sf number might be a decent estimate, but until the builder sees the lot, the blueprints/drawings and the material allowances for the house, he'll have no way to know for certain how much it will cost.