House will rent for 1200 and the apartment for 650The house needs about 20,000 in work, and the apartment is rent ready besides a new water heater and baseboard heaters.

Here's a list of what's included with this home:New drywall & insulationAsbestos abatementNew copper plumbingNew air conditioning, and FurnaceNew recessed lighting throughout New bathrooms (two bathrooms)New kitchen cabinetsTankless water heaterNew garage door New roofHard-wood flooring ceramic tileNew granite kitchen cabinetsUpdated Fireplace in the living roomNew interior and exterior paintI'm no expert but this seems extremely high.

Electrical needs complete replacement (wiring, electrical box) but the house has newer roof and appliances (heating and water heater are recent), and the plumbing looks recent, which is all surprising given the state of the rest of the house...It's basically a roof and a brick frame with appliances.

I'm going down the path of multi-family buy and hold RE  and might dip my feet into the house flipping  waters.

I’ve found this especially true in water pipe freezing states. 

I have my sights set on a great four family that I'm hoping to have purchased by Spring but there's definitely a lesson to be learned here.  

I’ll be moving to Houston from CO this Spring and I need an investor friendly Real Estate agent to help me navigate the area.

Deeded water access in a popular vacation rental area.

If you are thinking of selling it would be good to think about prepping to sell now before the spring hits as that is a hot time to buy.

Its infrastructure was in pretty good shape but cosmetics were terrible with water damage, missing toilets, sinks, appliances, torn or missing flooring and large holes in the wall.