I'm looking through the spreadsheet and I think it's worth mentioning that it's possible to spend a lot less for certain material items as well as labor in many cases depending on how frugal you want to beinterior door with hardware: $5-10 used, $30-50 newwindow: $10-50 used, $100-200 newlight fixtures: $1-10 used, 6 pack flushmount at lowes for $44fan fixture: $24-60 new water heater: $250 newtoilet: $50-90 newsink: $40-200 new faucet: $10-30 newtile: 0.49-2/sqft newappliance: $20-200 each appliance usedmy last rehab was:60 elec permit cost + 300 elec repair (tenant destroyed meter box causing house to be condemned)1600 material + 1500 labor flooring for 1400 sqft500 material + 600 labor spray paint whole house semigloss and patch some large holes$30 for 4 interior doors which I put in$10 mirror for bathroom$100 paint porch, stairs, and stair rail brown$50 fridge, $10 burner plates for stoveI also spent at least a few hundred with help on cleaning and taking out the trash and some other expenses here and there which altogether added up to about 5 thousand.I spent maybe 30 hours over there in total on the weekends.

We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow. 

Inspections, renovations and touch-ups, and then cleanings to get the property ready for the next group.Student Housing ChallengesYearly Turnover - Every year you have tenant turnover.

Beyond the fact you need to know how to use it, know what you are looking at and and then have to clean it... it is ok to just punt that task to a professional.   

I spent about 6k to get rid of the smoke smell including painting, cleaning the vents, cleaning the furniture etc.  

Now we just have to focus on scaling over time to meet your ultimate cash flow goals. 

As for cash flow, buy or start a business.

Hey @Joseph Ducharme, congratulations on finding a great cash flow deal!

Or it may be surface water flowing from another lot, or surface water piling up from rain and not soaking into the soil, which may be some type of backfill they had dumped in at some point during the construction process to grade the lot higher than it was when they bought it.

Are you cash flowing the property?