I don't think you can assign a real formula, because for every deal there needs to be some flexabliity and some deals will need to have more profit to offset opportunity costsSome examples- A SFH working right now that needs new heat system, new kitchen and baths requiring a total out of pocket of 50-60K after down payment, finance costs, carrying costs, ect might be worth while for a 30-40k profitHowever a major addition, new heat system, new electric system, add a half bath on existing main level, and otherwise total gut requiring 100K out of pocket might not be worth doing.

I'd have to crawl in behind the kitchen cabitets.

She complained the entire way through closing that we were "stealing the house from her" (as she signed document after document) and that she should be getting the full purchase price (Even though there was more than $12k in unpaid taxes and utility bills), and that the house was "beautiful" and that we could "just move in"All in all, pretty funny in retrospect.Anyway, here are some of the "before" pictures...Front yard -Back bedroom -Weird back room that someone DIY-added somewhere in the distant past -Another of that same room -Kitchen -Bathroom -Hallway -Front bedroom -Dining room -Front porch -Living room -Front of house - Back of house -Back yard -Side of house -

I have the kitchen completed and the counter tops are on their way, back splash and trim probably won't be done though.

Bill Gulley I am talking about kitchen table cloth, repainting the kitchen the same old color for the past several years, putting new kitchen rugs on the floor, new kitchen curtains, and adding new bathroom shower curtains.Sam W.

Unit is a 1 bedroom condo unit in an older apartment building that shows poorly and needs electrical, new kitchen, water heater.

You can setup categories, create users with different permissions, etc.When you start a flip you 1: setup a new account 2: create categories (ie, kitchen, bath, plumbing, landscaping, etc, etc) 3: as you make purchases take pictures of the receipts via the phone app and choose the category 4: via the web browser (computer) portal you the administrator can go through and verify all the incoming receipts 5: then you can create reports showing who's spending how much on what very easily”

What I do on mine is splurge and put in Quartz or Slab granite in the kitchen and master bath..

It is different in the fact it operates more like a long term hostel, so because its so different then anythinig around it, it has been on the market almost 2 years (which is unheard of here).It shows a cashflow of $1000-$1500 a month.It was built in 1948, and the current owner appears to have kept it up, but is just tired of it since he lives 1 1/2 hrs away (one way).It is a 10 bedroom, with 2 shared kitchens and a common room.Realtor thinks he would take $280000, and may owner finance.I am interested in this one, but wanted some feedback.Thanks,Mike

I used these Armstrong peel and stick squares at $.75/sq ft from Home Depot in a small kitchen and bath.