This is prior to adding the profit or real estate commission.

The house was wrapped in tyvek and then the foam barrier was added follwed by the siding.My mom's house looks completely different than it did for 30+ years, but that was caused by the addition of a 6 foot bay window that was a picture window.

As for the question Greg_home123 posted about how I'm determining value, I used Zillow.com, took the value they gave me, which represented about a $40,000 loss (a little less than 10%), and then added back some things of value, such as the lot, condition, etc.

If the right deal comes along, I will keep it, but but mostly I'm passing them on to other investors.To that end, if anyone would like to be added to my growing buyers list, just let me know.If I can answer any questions about investing I'll do my best, but I'm afraid I still have lots of learning to do as well.Good luck to all in your endeavors and lets all make money together.

Hello Tamara,Thank you for adding your experience to the forum.You'll find a great deal of information and experience here.Good Luck,NavyDoc

Also, another thing I was thinking about is if I just setup a joint account and them just adding to there account.

Also, one thing that somewhat concerns me is that I'm trying to find average rental price for the building but I can't seem to find much except this one ad for a studio that shows up everywhere (on all the rental sites).

I’d like to make my first deal and plan on living it in for at least two years fixing it up and adding to its value.So, here’s the deal I found this week, a place in an up and coming neighborhood which is on a long 50x126 lot and has a building in the back which the current owner is turning into a small one bed room apartment upstairs (big enough for me for now) and a small studio apartment downstairs.

Because of the additional superior features and services provided by the hotel, Condotel Suites are normally valued 15 to 20 % higher than same size residential units without added hotel features and amenities....

I want to get started on flipping properties and I saw an ad on tv about flipping houses through the internet.