The key is finding a cosmetic fixer that can easily be rehabbed and turn a profit in a short amount of time.

Need cosmetics, new paints, carpet, flooring, new windows.

Needs cosmetic upgrades and a restructure of 3 bedrooms that don't have doors leading into next room/enter through hallway and exit the other side into hallway.  2408 sq ft.  

All of that has been done but his report states that majority of the repairs have not been done and includes a cosmetic board in one of his pictures that was never originally called out.

My new partner and I have a very specific criteria for our flips.Purchase price and rehab costs never more than $700,000,cosmetic only,no mold,no plumbing problems,no electrical problems,or removing walls and needing permits.We keep it simple and look for $50,000 profit splits in So Cal properties.Let the millionaires deal with rich homes.

Try to figure out how much it's going to need by way of repairs, lets say it needs cosmetic work only $5K and you want to make $5K on the deal.  

(It's not life-threatening, just difficult--a minor surgery gone wrong.)

Going to be sending out a direct marketing campaign shortly with the goal of finding 1 or 2 buy and holds that need some cosmetic rehab.

One home that i am looking at is about 3 streets away from my own home. its a 2bdr 2bath with a basement and an attic that maybe able to be converted to a 3rd bdr.Base on my lay man analysis with my realtor, it looks like mostly cosmetic work,with the bathrooms, floor and kitchen in decent shape but there is some mold on the lower part of the walls in the basement which i figure was as a result of some kind of flooding.

I have done primarily buy and hold investments, some were fixer uppers but it was all mostly cosmetics.