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?

This home brings lots of character and tons of upgrades including: New HVAC, roof, energy efficient windows, flooring, bathrooms (with tasteful vanities and Italian plank tile), upgraded plumbing & electrical...etc.

I designed spreadsheets strictly for plumbing & HVAC services.

I am assuming a 3 bed, 2 ba, no pool etc.I recently bought a home that looked like a cosmetic fixer and it has turned into a true money pit with all plumbing lines needing to be replaced, wiring brought up to code and even an new electrical panel due to arcing.  

My husband and I just closed on our first flip property in Newport, KY and are looking for more opinions on electrical, plumbing, roofing and window bids.

And then there is everything entailed in setting up the electrical, plumbing, and HVAC for each unit.Thank you for your help ☺

That is assuming we are talking about multiple bathrooms, new vanity, toilets, tub, full tile walk in showers, moving plumbing around, etc.