The interior features a beautiful updated kitchen that is open bright and great for entertaining.

The interior features a beautiful updated kitchen that is open bright and great for entertaining.

Perhaps start with an interior renovation and build upon that scope of work to something more complicated but I am concerned you are going from zero to sixty here, and doing so for the wrong reasons.

Purchase price: $58,000 Cash invested: $35,000 Sale price: $145,000 Total cosmetic rehab including, interior paint, exterior paint, new roof, new flooring, new tile in shower, new fixtures and painting basement.

Issues with the property at closing: low water pressure, aging roof, several lights not working, dated interior, water stain under HVAC unit, damaged decking (burn hole & rotting boards), old appliances, holes in drywallAnticipated cost to renovate:  $22500 (includes roof, repiping from old galvanized pipes, renovation of currently empty unit)  The currently occupied unit is TBD on cost, the tenant has been in place for the past 3 years.   

Purchase price: $58,000 Cash invested: $32,000 Sale price: $145,000 Total cosmetic rehab including, interior paint, exterior paint, new roof, new flooring, new tile in shower, new fixtures and painting basement.

An interior design business? 

.- Install new interior room doors as necessary.

Once those are taken care of, you can work on the interior.

The house I purchased is in decent shape on the interior as far as lead, nothing I can’t DIY.