Look for value-add deals where the scope of work is limited to cosmetic improvements, like paint, flooring, and maybe some cabinetry, rather than structural issues, like mold, roofing, and other weather proofing.The lighter scope is more manageable for a beginner and usually doesn't result in major unexpected challenges.

What if you decide to buy an apartment building that's already profitable, running fine, structurally and cosmetically up to date, and has good management?

This other house has a two car garage compared to a shed and mainly needs cosmetic changes/updates compared to the one I’m interested needed a new furnace, water heater and roof likely within the next two years.

Conversely they can be a doctor making 1 million a year doing surgery and their regeneration of capital monthly is high to reinvest.Investing is like taxes in that everyone's situation and circumstances is different.  

Purchase price: $133,000 Cash invested: $20,000 Foundation, minor roof, AC, and cosmetic What made you interested in investing in this type of deal?

We did just cosmetic changes like changing the outlets, light switches, and ceiling fans.

The property could use some updating throughout, mostly cosmetic and it’s not central H/A.

Cosmetic.

Which is ideal for me because of recently having back surgery and being on disability for the time being.The owner got back to me and wants me to meet him and his banker tomorrow to talk about this idea.

If you see cosmetic damage do you address it right away?