On the sample report, I didn't see eviction expenses, court costs, entity maintenance, excessive damage done by tenants (above and beyond the security deposit), etc.

In some areas you may have a hard time selling unless it meets CURRENT code, among which every outlet in kitchen and bath, not just the ones close to water must be GFCI.

Or if it gets nasty run up the water bill :mrgreen: I don't recommend that.

Being successful at rehabbing requires extensive experience in multiple different areas.I would rather recommend focusing on ways to build up some of your capital and learn to swim in the shallow water before you jump into the ocean.Wholesaling, birddogging, lease options, subject to's, contract for deeds, and owner financing are all ways to start with little or no capital.

Rents are around $1,000 with included water. i would occupy the property for at least 2 years.

Tim, While there are GURUs out there that seem to have figured out how to navigate these waters (Alan Cowgell SP) seem to be one of them... the reality is that once you have someone lend you money you are entering some special realm involving securities.

There are some other things, pvc drain pipe from kitchen is broken from the sink to the sewer line, replace the gas water heater with a electric, a couple broke windows, storm door.

Off went the water.

They are located in a great area, about a block from the water and the city is building a big park, fishing piers, bike path, children’s playground, etc, along the water.

Parcel address, owner name and address, size, type of property (how many families or if its commercial) and what its hooked up to like water and all that.