Gutted and renovated the entire home.

It was a 3bd/1ba 1050sqft, gutted to the studs.

If you are gutting the bathroom, moving things, complete replacements will drive the cost. 

The main dwelling needs full gut but more importantly, it has a detached garage behind the house that faces the next street over.

@Andrea M.Im currently doing a full gut remodel and have been lucky with contractors, they are referrals from real estate networking and from people I have worked with for a long time.

CR had put significant $$ into renovations so these row houses were really like all new - roof, appliances, gutted throughout etc. it was understood that many of the rentals would be Section 8 which is a good secure investment.

Really depends on what type of project you're working on whether its a full gut or value add where you'll pick and choose what you're looking to upgrade or not .

As long as you have experience there are options for this scenario, however most lenders who are going to offer a mortgage on a property that needs a full gut rehab will require that rehab funds be included.

Assuming the size/#bedrooms is the same as the comps, my gut would say they'd cancel each other out and you'd be around $1300

Most first time investors and homebuyers will shy away from a property that needs work and most experienced investors prefer total gut rehabs which leaves you somewhere in the middle with less competitors in the market.By utilizing this strategy, you'll get: acquisition, project management, and property management experience.