Because we are dependant, for the most part, on word of mouth recommendations it is vital that our recommendations are valid. 

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Depending on your market it may not make financial sense at all.

For a rule of thumb, replacing a commercial boiler can range anywhere from $20k to $150k, depending on the size, age, and efficiency.

Remember that disclosure laws vary greatly by state, with roughly 50% of states operating under Caveat Emptor...which means no disclosure at all.

The local investors will need to know their local real estate and rental markets and depending on the infrastructure the investor has in place or is willing and able to build, that will dictate how much time and effort they would need to contribute.

@Olivia BlakeAsk the tenant what repairs they are referring to, and depending on what they are, make the repairs as needed.

then again depending on state judge has to confirm the sale and your deed gets recorded by the court. 

It will depend on where you are doing your deals and what the liability is that follows you after a sale.

new construction gets valued at a way higher premium. this is a false statement. new construction will always beat existing Very market dependent.