The electrical was updated, plumbing was updated, roof on 2 of the buildings are newer, new windows with lifetime warranty on all properties, each property has coin operated laundry, and these properties are fully rented.

I have seen it used on tile floor thresholds too....or something that looked like it, very clean look.

Purchase price: $41,000 Cash invested: $66,000 Coastal Bungalow with laminate floors throughout, 3BR/1BA with LR, FR, Clean Kitchen with breakfast bar, (2) brick fireplaces.

However, the unit has its own plumbing, electrical circuits, bedrooms, bathrooms, and kitchen. 

knew more about the history of construction materials and replacement timelines, would have saved me $20k on my first rehab...had to replace ALL of the plumbing and electrical when I hadn't planned for it.

I see an HOA fee.Why are you covering water/sewer, garbage, and electricity?

Here is what sticks out to meproperty taxes seem very low, try and verify on assessors website.always assume there are some repairs, even if its just cleaning carpet and mending a few drywall errors.i try and add in at least 1k-ishverify interest ratesmy local area is climbing to almost 4.5 and 5%closing costs as wellunless you have records of utility's guess higher then you would normallyHope this helps i cant really say more without knowing more.

Can you believe Pepco still hasn't given us the green light for the electrical?

After a thorough cleaning, I replaced all carpets; painted several rooms with modern colors & touched up the others; upgraded a few fixtures; and, made several small but impactful cosmetic improvements.What was the outcome?

Sometimes with fixer uppers the best bang is just clean, not redoing the kitchen, etc.