New carpet, paint, appliances...cosmetic rehab.

Cosmetic rehabs, but, mostly just increasing rents to what the market would demand.

New flooring, lighting...cosmetic rehab.

If the purchase price is around 200k and it's a cosmetic project with little unknowns, then I know people will take a 30k profit on it.

The cost of rehab will depend on your market and the price range.If you're in the Midwest, this is how I figure out quick repair costs based on pictures (keep in mind this works for the median price range of $100K to $250K) and if you intend to FLIP (fix-n-sell)- cosmetic improvements (paint, replace carpet with hardwood, new windows, landscaping) - $10,000- remodel (new kitchen, new bathrooms, appliances) - $25,000 to $30,000 (this will typically include cosmetics)- structurals (new driveway, new garage) + cosmetic + remodel - $40,000 to $50,000Since you intend to fix-n-rent, multiply the above numbers by 65%.

If you want to start with a single family home, you could pick one with a smaller amount of work to do that just needs some cosmetic upgrades.

Is it a property that is needing cosmetic updating, or a take it down to the studs and rebuild?

Looking for 2 bedroom, 1 + bath.. something with minor cosmetic renovation is ok.

I do wish that I did a FHA 203K loan where I could have financed some cosmetic repairs.

New RE investor here, about to close on my first fha financed duplex, which already has a tenant paying $845/m I’m a real estate agent but I want to focus on investingI’m 22 and have a lot of time on my hands and I ne...