Furnace, hot water heater, flooring, kitchen, bath, doors, molding, evaporative cooler etc.Basically, the electrical, plumbing, and foundation/framing are all that is intact and will remain.Rents are varying from $525-$625 here so a potential gross income of $151,200-$180,000 is possible.It seems as if the range of $25-$50sq/ft seems to be the normally quoted cost to remodel/rehab, but it seems as if that pertains to residential houses, and I'm figuring that I might end up on the lower end of that scale due to the rentals and my desire to install lower end stuff.All the units have separate deeds, and if I get the place, I'm planning on completing the entire outside, and then attacking one unit at a time and renting them out as I go.

I also have a plumbing issue that will cost me 5500.

.: 336 Foundation: 02 - CONTINUOUS FOOTING Floor System: 04 - WOOD W/ SUB FLOOR Exterior Wall: 04 - SIDING AVERAGE Structural Frame: 00 - NONE Roof Framing: 02 - GABLE/HIP Roof Cover/Deck: 03 - COMPOSITION SHINGLE Cabinet/Millwork: 02 - BELOW AVERAGE Floor Finish: 08 - PINE/SOFT WOOD Interior Finish: 07 - DRYWALL Paint/Decor: 03 - AVERAGE Heat and A/C: 02 - WALL/FLOOR FURNACE Plumbing Fixtures: 6 Bath Tile: 00 - NONE Electrical: 03 - AVERAGE Shape: 01 - RECTANGULAR DESIGN Quality: 01 - AVERAGE Act Yr Built: 1945 Condition: 1 - NEEDS MINOR REPAIRS Building Areas: Area: BAS Sq Ft: 1,152 Area: OPF Sq Ft: 168 Area: EPU Sq Ft: 168 I have an estimate of repairs to be at 15-20K, but what concerns me the most is that there were 2 meters (one for each side) and one is gone and the other is still active!!!!!!

As long as the roof and structure are solid the house should last with regular maintenance.However, old houses feature such problems as lead paint, plaster walls, lead solder in water pipes, cranky plumbing fixtures, no insulation, asbestos insulation, leaky windows, and so forth.However, I've got two houses 70+ years old and when fixed up they are very charming.

Anyway, the books I utilize cover local and state codes, plumbing, carpentry, roofing, electrical trouble-shooting, appliance repair, landscape plants for my area, and so on.

Just to keep everyone posted the following is a response I got from this Craigslist Ad:company/I am i auto mechanicfax/nonetype of buyer/ I have a new job that is taking me to baton rouge and need a place to stay while i work so while i am living a house i would like to fix it up and increase the value while i live in ittype of property/anything less than 50,000 that i can live in while i fix up i would like it to be within 30 minute drive from price leblanc toyota so i can be close to worktype of financing/ I have cash and good creditthis is my first fixer upper but have plenty of experience doing carpentry and plumbing and electrical also very good with anything that requires fixingAny comments on how I should handle this buyer?

No bathrooms or kitchens, but some of the rough plumbing is there (not all).

Even my single tenants want 2 bathrooms.Any kind of addition that involves plumbing is quite expensive.

I have a credit card for my flipping company, but it does have a personal guarantee.To establish credit for the business I have other trade lines in the name of the company - utilities, cell phones, insurance, charge accounts with suppliers (plumbing supply houses, Grainger, etc.).Putting utilities in the name of your business is the easiest and quickest way to get the credit ball rolling.

We went all out with a full gut rehab, all new plumbing, electrical, 2 story addition, foundation repair, the works.2.