Those who have done hundreds of deals and those that are just getting started.  

Say you want a $15/sf tile, or a 50k kitchen cabinet, or a 80k bathroom jacuzzi, or 600/faucet, that will eventually change things over. there is no real way of telling, they vary too much.

If the place doesn't seem like it needs any real repairs (besides cleaning, paint, and maybe fixing a cabinet) does that change how you would approach the situation?

I saw a local home stripped of all appliances, cabinets, flooring, doors, plumbing fixtures, etc.

(paint, trim, flooring, appliances, countertops, cabinets, closet spaces, shelving)  all these things are non-urgent that you can do at your own pace and can even make excellent projects to do with your partner and get creative.3.)

Thank you,Angelo Pana Hi Angelo,I have closed hundreds of VA loans and have been in the mortgage industry for over 16 years.

You don’t need a lawyer to open a LLC but it’s a good way to maintain a relationship for when you need other stuff and should only cost a couple hundred bucks a year.

It sounds like the floor in the laundry/maintenance room, kitchen, bathroom and closet with be removed, for sure drywall on 2 walls in maintenance room, most likely 1 wall of cabinets and possibly the other half of kitchen cabinets (lower) and then some carpet will need to be pulled up to help dry out.

I ended up talking to a few other investors, and one mentioned to try renting it as a very large 2br unit and drop the price a few hundred dollars to attract a different pool, and I found a qualified tenant within a day. 

You can keep one door and get $1800/month minus PITI and expenses, which equates to a couple hundred a month in cash flow.