Painted inside of house, remodeled bathroom, remodeled kitchen, replaced the roof, and fixed a termite damage repair that cost $5,700, and just replaced the water heater with an electric on demand water heater.

Painted inside of house, remodeled bathroom, remodeled kitchen, replaced the roof, and fixed a termite damage repair that cost $5,700, and just replaced the water heater with an electric on demand water heater.

What my wife and I ended up doing is remodeling the house with an addition and converted the garage into an Accessory Dwelling Unit (permitted and rentalble guest house with separate address and electrical meter).  

You will need to work with an approved contractor on the remodel. 

So 4 of the units were completely remodeled and brought up to current codes.

@Justin MinikesYou have an enviable starting point, Justin.You have a degree/profession in the construction business, have 4 yrs experience and it directly applies to building or remodeling your own properties in the future.

We close in 20 days and I'm trying to build up my remodel itinerary and timeline.

FULL STORY:This past December/January, I did a nice remodel to a second-floor 1-bedroom unit in a duplex in Abington, PA.

@Phil RizzoBecause the banks will lend 75% LTV after the remodel, anytime you can buy and rehab for less than 75% of the ARV, you'll have the ideal BRRRR.....and have a chance to extract your full cash invested, to repeat into the next property.In Denver, the competition for fix/flips is so intense, it's hard to buy and rehab for less than 85% of ARV.

Agree, the house is located in a good area (Rose City Neighborhood) between downtown and the airport.The house is a remodeled house 3 bed/2bath with a detached ADU, The one thing that worries me is the fact that at some point appreciation will slow down compared to other markets with faster appreciation that can use that money to for a long hold.So far the intention is to invest in distressed SFR to rehab and rent out, however, I like the idea of new construction and that option will require more capital.