I plan to do a lot of the work myself, but I will be hiring out the plumbing, electrical, hvac and drywall. 

Lynch heating & plumbing of Davenport.Tommy and Mhisho are awesome, you can let them know I sent you!

This includes drywall, paint, flooring, Demolishing, electrical, plumbing, roofing, windows, and much more.

I've always done my own plumbing.

Probably new kitchen, bath, flooring, repainting, repairs to plumbing/electrical...if not outright having to replace those systems. 

We are the same way when it comes to pest control and plumbing.

Since we got it, the furnace caught fire and needed replacement, we've had our bathroom leak into the basement, a 2nd floor bathroom leak into our unit, roach problems that we still can't get rid of after using 3 different companies, other plumbing issues, and electrical issues as well. 

And if you are exceptional and do well with your flips the IRS loves you since they find extra ways to tax you and you don't have the benefits of depreciation and other write offs.And that is not even taking into account all of the things that can and do go wrong during a flip (over paying for the property, the surprises of mold, asbestos, electrical, plumbing etc and contractors not showing up, along with the project taking longer to finish, getting the After Repair Value wrong on your projections, taking longer to sell than expected and so on.)If you are going to do Flips, understand the cost/benefit ratio and I strongly suggest you find an income stream while you Flip.

my 38k investment was able to rehab the house completely with new appliances, finish basement, new shower and plumbing, paint, carpet, flooring and all new electrical and panel.

-electrical, plumbing updated, re-insulated-Central locationThe cons:-low income/disability tenants (however have been there for years and seems rent is steady)-the house was built in the early 1900’sWith a purchase price of $330k - the cash on cash returns look great, I do think it’s undervalued if going off cap rate as most multi is in the 5-6 cap range.The hard part for me is getting my head wrapped around that old of a building and the tenant profile - usually I focus on Reno’s and attracting high quality tenants....with everyone on here I’m sure some of you can shed some light on your experiences and any advice?