The project scope included: Upstairs, a gut remodel of the kitchen, including adding a dishwasher, and opening up a wall to make an open living room/kitchen, updating the bathroom, adding a washer/dryer hook-up, and new paint/carpet.

At age 20 I remember standing in my friends fathers kitchen telling him that if we could put together $800,000 to purchase rental properties in Phoenix, we would be able to purchase and renovate 15 properties, cashflow roughly $130,000 per year in gross rents and in 3-4 years we would likely double the initial investment.

One time the kitchen, another time the bathroom, etc.

Hello everyone.My name is Mark Colburn and i'm a new member to BP.I bought my first property in Nov of 2011 and it was a multifamily side-by-side duplex.It was a bank owned property that we did an extensive renovation to including two new kitchens, two new bathrooms, new flooring, new paint, new water heaters, new vented bathrooms, tons of repairs to walls (was prior section 8) etc.All in all I spent about one year and $35K on the renovation.

He didn't remodel, mostly have the 1983 kitchen, and old appliances.

Replace kitchen & bath countertops with either quartz or granite (remove existing tile)4.

I have a property under contract, and there is some cracking/heaving in the kitchen tiles.

We start dismantling the cabinets and I ask him what is going to go in their place--thinking he is renovating the kitchen or something as part of a sale.

I hired a general contractor for replacing roof, remodel kitchen and bathroom along with painting and some other work. the whole project is about $ 65k which include materials and labor with a payment schedule . he's been very slow and for three months not getting much done due to he's having a few jobs at the same time .

Kitchen, living room, bathroom downstairs with one bedroom upstairs.Currently there are 0 vacancies.Rents - $530 x 8 = $4,240 / monthMonthly Expensesmgmt fee - $275Common Electric - $20RE taxes - $500Dumpster - $103Sewer - $336Insurance - $160Still not sure what I am going to do for financing.