Also, this is only if the tenant's pay for the electricity. 

Also, looking for recommendations for a residential general contractor and property manager in the area.

Purchase price : $80KMajor Rehab: $50 k ARV: 170K-175KRent : $1600/monthRehab: Based on quotes I received from 3-4 contractors: new roof, foundation fix, sheet rock, new flooring, landscaping, new bathroom, kitchen, siding.

Talked to a few contractors, who say exactly that. 

I haven’t met nor worked with this GC yet so take my recommendation for what it’s worth , but I had a good rapport with this Polish contractor named Tomasz Balka.

I wanted to add, if you REALLY want to get into REI and given your situation, I would try to find a job in that world, such as contractors, brokers, real estate agent, loans and underwriting. 

There will be no time to meet a contractor, insurance agent, shop at the big box, lay a tile floor, etc. 

I have a sub-contractor that will MAKE time for my projects because he knows he can make money and won’t be beat down on everything.

Looking for any recommendations or referrals for carpet contractors.

Took a long time because I got permits for everything including the new central a/c system, plumbing, moved the electrical panel to the outside from the old laundry room, etc.