If I had a tiny kitchen, I'd put effort into building that up - kitchens are where people spand a ton of time, and they do choose houses based on the kitchen.I have no official stats, but this seems logical, NO?

If you know how to use some tools and a paint brush you can do a lot of the things yourself = cheap labour.. haha3) Your question implies that you might not have that much investment experience.

The Q that drew a deer-in-the-headlight stare every time: It seems that if I let you choose and place a tenant in my unit, that, according to your transaction based fee schedule, you would actually make a lot more profit, if that tenant you chose turns out a bad tenant, stops paying rent, trashes the place and has to be evicted.

He estimated painting the interior, laying flooring, replacing windows, int and ext doors, replacing a kitchen or a bathroom, etc of a 1500 sq ft home.

Or, what if it was possible to work as much, or as little as you liked because you were able to develop streams of income that supported the lifestyle of your choosing?

I have done everything from framing, roofing, wiring, tiling, to painting, so I think I could do a lot of the work myself.

Glad you choose this to be you're first forum.

If you choose to do this for real asset protection or tax sheltering, though, it is worth seeking an attorney because a poorly set up entity will provide neither asset protection or tax shelters.

hmm... a few useful bits of info from what I've learned so far without copying the entire fix and flip page from my website:An ideal place to start looking might be in neighborhoods that are in the 25-35 year old range; basically where houses are outdated but still hopefully in good structural condition.With this kind of unit, you can focus on some of the more basic, value-added repairs such as paint, flooring, landscaping, and other basic finishing touches.

The trustee should be someone else that Joe Buyer chooses (could be a lawyer or a very trusted friend).