:Framing Contingency - 70% chance of $5000Permitting Contingency - 50% of $1000Other Contingencies - 50% of $4000Nearly every old construction house has wood rot issues ... predictably bathroom room floors by the toilet, kitchen floor by the sink, and roof decking ~5%.

There are a number of out dated homes that need updated kitchen, bath, int. and carpet and you've got a decent remodel that is marketable.

Most of the times the code violations end up being small infractions that can be easily resolved like installing doors and windows without a permit or changing out kitchen cabinets and fixtures.

Then noticed the kitchen was really dirty and the oven hadn't been cleaned in years.

If the water is off and the property vacant for some time, automatically figure on replacing the hot water heater and repairing or replacing bathroom, kitchen and outdoor faucets.

you can get a PL to do a deal for a first timer, IF you have good credit and put a lot of 'skin in the game'I'm assuming your planning on flipping, remember the lender is the one taking risk, will you do what you say, is the deal as good as you say it is, will there be unanticipated problems (yes, especially on your first rehab, but on most rehabs) etc etc, you have to give them a reason that you won't just walk away if problems come up,,if you have a lot of money in the deal, you would be less likely to walk away, if you have good credit, you don't want that messed up.Don't give up, but find out what a PL would want in a particular deal,,then work to get that cash/experience

= 1040 Fitness = 365 Buffer (2hrs * 365) = 730 Total = 7042Time for real estate investing = 1724 / 52 = 33 hours per weekDo you agree that 33 hours per week is reasonable to be a successful part-time real-estate investor?

From the perspective of a long-time RE investor and Realtor, no, you do not need a buyer's agent, however, unless you know the usual details about this investment in terms of rehab expenses and the resulting ARV, you may want to enlist the help of someone who does.

The hot water tank exploded and water was sitting in the utility room/kitchen for quite awhile.

Work would/may include vanity replacement, tub replacement (jacuzzi tub), wall/ceiling retexturing, kitchen cabinet and counter replacement, tile work, trim, sink replacement, possibly some minor plumbing rerouting.We are looking for someone or suggestions of someone competent, reliable, and timely (isnt everyone?).