Our schedule for the remaining of the work is:sheetrock crew to repair and install sheetrock where needed; install all trim work and paint all interior rooms;tile bathrooms, install cabinets and new toilets and fixtures;install new kitchen cabinets;install new appliances;carpet crew to install carpet;clean yard of debris, trim shrubs and trees;paint exterior trim of house;new front door and light fixtures.Working at night after work and on weekends for our part we expect to be finished by late March.

If I would like to lease this property, I was thinking of framing, putting up drywall, painting the walls white and adding carpet.

I'm talking refinishing hardwood floors, painting doing most the kitchen and bathroom.

The fact of the matter is when it comes to buying a home, people would often times rather choose a house they can customize rather than a house that comes with a history, unless of course if it is a classic style home that is hard to find and even more difficult to duplicate.

Thing is, if I widen it a "bit" I am in an area that is, to me, less than desirable , and would prefer then to go farther afield, and may choose to do that in a few months.Originally posted by "noobdog1":and when you say, "it would pay for itself" - be careful how easily you throw that comment around in your head.You are right of course.

But if I choose one of the lots further away from the railroad tracks & bay I wont have the beautiful view.

And I got almost a whole house left....what kind of person paints their entire house in dark red and green, and lime green?

If you were able to choose from a range of investment mortgages... from those that are currently available in your local market and one that is available to you at 2%, which would you choose?

Newly painted in 2006.Purchase Price $400,000.00Down payment $80,000.00Mortgage at 6%.$1918.00 Monthly debt paymentGross Rental income$37,020.0010% vacancy ($3,702.00)Tenants pay utilitiesTax $3600Insurance $1500I'm assuming 6% property management.

Newly painted in 2006.Purchase Price $400,000.00Down payment $80,000.00Mortgage at 6%.$1918.00 Monthly debt paymentGross Rental income$37,020.0010% vacancy ($3,702.00)Tenants pay utilitiesTax $3600Insurance $1500I'm assuming 6% property management.