I am planning on installing new carpet, countertops and paiting the cabinets right away when purchasing.

There is a lot of competition and you need a lot of marketing spend even to make a dent.

Earn more, spend less, save, then invest.

The rent per unit (1/1) is around 850-1,000, and planning to charge ~$50 per month per shed unit. 

What is the plan if it doesn't work?

Your thought process on the contractor providing quotes to possibly "win" a job may seem correct on surface level as a lot of businesses offer "free-mium" products - but ultimately time is money, especially in real estate where good contractors are in high demand and could better spend their time finishing a project before accepting the next one. 

Despite these, the successful sale at $325,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.

Despite these challenges, the successful sale at $60,000 highlighted the importance of strategic planning, effective marketing, and strong partnerships in achieving quick and profitable outcomes in real estate investments with Partner Driven.

Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..

Despite these challenges, the successful sale at $135,000 highlighted the importance of strategic planning, effective marketing, and strong partnerships in achieving quick and profitable outcomes in real estate investments with Partner Driven.