Even if they show you “actual†expenses, these are short term numbers and will usually not include allowances for capital expense outlays which all properties will encounter, such as roofing, HVAC, plumbing, electrical.

Foundation, plumbing, electrical, heating, etc. as well as some cosmetic updates.

Hi AllI am looking to diversify my investments, and one area I am considering is RE investing.My situation42yrs age with family, work as finance executive in small company I currently am invested in stock and bond mutual funds - all types foreign, domestic, etc, as well as cash.would like to get 50-75K into another asset class, as my current investments are pretty correlated.

Hodgepodge wiring, IMO, is rarely worth saving.Have you pressurized the plumbing?

After years in the greater Phoenix area real estate rehab business, (we stopped calling them fix and flips when all the linoleum rollers hit town slapping paint everywhere and leaving plumbing and roof issues untouched!)

I can do pretty much everything except for electrical work or major plumbing.

Realtor says it has some plumbing/leaking issues and other maintenance needed but nothing too significant.

(might want to do all at once to minimize the length of time that you need to lease the dumpster) Kitchen: Install Electrical/Plumbing UpdatesDrywall/PlasterInstall FlooringInstall Cabinets/CountertopInstall Fixtures/Outlets Total CostDate Complete:Thoughts on this?

(LOL) I am really in a crazy domesticated owner,(if u wanna call it that situation.)

I also put in a new water heater, heater, a big chunk of wiring and plumbing when I bought it.