Current monthly cash flows ~$50/unit and if I owned it, I would be looking to increase rent by up to 50% - resulting in cash flow ~$150-175/unit.The property has been owned by a single person/family for 40+ years and from looking at the outside has deferred maintenance (and estimating the inside needs updating and remodeling as well). 

I remodeled my first house with their 20v set and returned it for a full refund when the led light burned out.

It may be too much of an endeavor to remodel, but that has yet to be determined.There is an interesting back story: the current owner sold the property about 14 years ago to another investor after remodeling the entire property (he described it as being in  "immaculate" condition at the time).

Licensed and based in Minneapolis but have done work all over the metro. http://www.rogue-arc.com I also really like TLC remodeling.

Hi BP community, I am looking for a contractor to do a kitchen remodel, new cabinets, counters, floor, etc.

If they see this is a significant remodel they can come in, reassess, and remove the exemption to reset the baseline.

Most of the rentals in my town or surrounding town are somewhat overvalued or are in need of remodelling.

So we find a lot of houses that are really cheap practically a steel when does it become that you are putting down too much on the house to fix u if it needs an entire remodeling

Put as much on your tenants as possible (clogged toilets, loose hinges, etc., all utilities including sewer).

In the end you then have an over remodeled flip in cost with reduced returns on resale.You might want to look up J Scott on here 123flip.com   He used to do a lot of rehab flips in ATL. 19 days in is not a lot of time for that price point.