- Foundation (pier and beam house) - need to level the subfloor, no major cracks - Painter- Carpet/tile- Prefab cabinets and counter- Windows (one is a cracked pane that I'm hoping can just be replaced and other is bathroom and I'm thinking we can use a little decorative window there to give it visual interest and it explains why it would look different from the rest)- Tile in kitchen, carpet in bedroomsWhat are your thoughts on using Home Depot for some of this stuff?  

Such as the roof needs to be completely replaced (there is a ridge sag and seems it could fail, rafters aren't place correctly), the porch needs a larger joist as its sagging down as well, the basement still has asbestos, the basement needs waterproofing as there is a moldy smell and minor water leakage, barely update the 1st floor unit, update and correct the electrical (relocate a fuse panel in a bathroom), brand new panels in the basement with a larger feed coming in, concrete steps in front and rear of house are in need of some repair, the boilers may need to be replaced, replace a few broken windows(completely shattered, just a piece of plywood covers them now), the lower roof gutters were nailed directly into the shingles, there are no GFCI's in any bathroom or kitchen, and a few other fixes.It would be an FHA 203k with 3.5% down$9,600 per year in taxesGarbage is included in taxes, tenants pay gas and electric, owner pays waterThe 1st floor unit is a 2/1 rented for $1225, they have exclusive use of driveway, backyard and the basement. 2nd/3rd floor unit is listed as 3/1, however there is 2 bedrooms on the 3rd floor with a bathroom.

This usually includes new roofs, gutters, flooring, cabinets, bathroom fixtures, counters, etc.

Paint the bathroom? 

For example - if the comp house as an additional bathroom, I understand I need to decrease its value to get the value of the house I'm looking at, but do I decrease by 3%, 5%, or 10%?

Hi, Michelle,We frequently buy materials (tile, kitchen cabinets, bathroom fixtures, countertops, light fixtures and ceiling fans) as well as appliances on Craigslist.

If you are already branded and using a 'vanity number' and/ or branded URL, vs.

Kitchen on each floor and 7 bedrooms and 5 bathrooms.

Maybe that's just the kitchen and bathroom?

We always have to update kitchens and bathrooms, but I am able to do most of the work on my own.