In the beach cities of CA, majority of flips that were done well and highly upgraded are selling with multiple offers within days.Example: A Manhattan Beach flipper did a project that was bought in 2012.

What if it gets broken into, leaks, etc. and you have the tenant complaining or saying you have some responsibility for it?

HUD's rents only show you what the maximum amount is they will pay, for each area, and they are broken down by each area of the country.

They get painted over and there always seems to be a broken one and it just seems to help the looks so much.

We have parents co-sign and you need to go over things like putting out the garbage and when to call you about broken things as well as partying.

. :) Now that I've broken the ice, I plan on asking many questions (once I make sure the question hasn't already been answered in an older post).

We find this allows us to better tract the state of each property and the quality of work ... in one case a tenant wanted to upgrade the kitchen faucet and she paid for both the new faucet and our handyman to install it.Similar to the annual inspection indicated by Rob K, we reserve the right to inspect our properties once per quarter.

Once you have these costs broken down, you can create your own quick calc.

This worked out perfectly because the MC had already vetted the tenant, and the empty unit I was moving into needed a ton of upgrading.

It's been on the market since late March/Early may, and we fixed a number of items outside, had some landscaping done, and installed beautiful granite countertops after repairing a broken cabinet.