That is material, tools and equipment, transportation, and not even factoring in time saved from free delivery.

Look at the rates on equipment leasing.

It also involves the purchase of an existing business, buying equipment and then leasing back the equipment to the old business owner, in lieu of rents.

You can buy turnkey properties in the midwest, and some of the north east states have a turnkey presence now.If you are mailing directly to sellers you can probably find good deals in your own back yard.Regarding Detroit it sounds like unless your equipped to handle the tenants and know the area intimately you're better served turning 360 degrees and walking way (that is an old joke that I still think is funny).Best of luck,Pete

I have been running equipment on and off for 30 years , its fun on something new for the first hour or 2 .

All the pool equipment is there but needs to be ran again to get back working.

You might also consider any furniture or equipment of value either as collateral or to be given as part of the compensation.

I hired them because they project manager who oversaw the rehab at the properties was not equipped or experienced in property management. 

Is it OK that the equipment and pump shed is unsightly?

He is on site and has the equipment.