Some relevant financials are below...any help from the crowd would be appreciated as if like to explore this and do a 1031 in two years.Current rent - $850 Current property value - $75kishNo current mortgage Located outside Houston and appreciating at around 4% a year If tenant moves I'd do maybe $20k in renovations to update kitchen, floorplan and exterior siding but house is functional

Investment Info:Single-family residence fix & flip investment in Ponchatoula. 3 Bed 2 Bath house in Ponchatoula we recently renovated and sold.

Just renovated a duplex with existing coin op machines  - speed queens from the '80s.

I sell larger commercial properties in the millions.

Shortly after this post I purchased, renovated, and rented my first property.

There is a book on estimating renovation costs by J Scott that I would recommend you read.

Renovate/repair.

Generally if ou are in a neighborhood where prices are $150+ when renovated you are in a good flip area.

How did you budget the traveling expenses during your renovation?

You can also look online for columbus and see if there has even been an application submitted. normally the city gets back to the contractor or architect and they forget to take some small action that needs to be taken to get the building permit approved. what I will say is i'm doing a new construction and it's taken at least a few months, but for a small renovation it should be much quicker than a few months.