here are the details.I just bought a house 3 streets away for $75k. i had to put only 6k in that house and rented it for $1,150.So, this new one is a SFR, asking price of 80k, which is overpriced when you take into account how many upgrades it needs....which are:Windows $6,500House Roof $4,800Waterproofing $3,000 (might not have to do it)Driveway repair $2,800Garage Roof $2,250Plumbing $1,500Furnace &AC $1,500Garage Door $1,350glass block basement windows$1,000Water heater $700Replaceelectrical riser$650Repair garage trim$575Garage Opener $350So, give or take, it would cost me around 25k (and my track record shows i go over my estimates :oops: ) in the next few yrs.

But don't be so fee-conscious that you ignore the relationship.

However with that money would my best bet be too rent and doing some minor upgrades?

Every few days, the toilet will refuse to accept your waste unless you upgrade the seat cover.6.

$20k for fixing up a rental sounds like a lot to me unless the house is really a wreck to start with. mitch,20k is enough to make all the upgrades, not just the repairs.

I was fortunate that I lived in Tucson for ten years and have a decent network of friends who still live there.Once I acquired the property on July 18th, I had to hit the ground running to get the following done: 1) roof replacement, 2) HVAC upgrade to A/C, 3) painting and restoration of interior, 4) electrical work to bring it up to code, 5) tons of work around the yard, fixing doors, windows, etc., 6) plumbing drain scope, etc, 7) floors restored as original concrete.I did most of the above in four days, but it was intense.

I am also upgrading the electric service from 60amp to 100amp.

Show the BPO agent your comps, and an elaborate break down of repairs/upgrades needed and how much it will cost to repairs, so they understand the houses true value.

Hotel will require about $6,000,000.00 in upgrades for rebranding.

The momentum allowed him to place all of his focus on something new to improve on during the following week, because thanks to momentum he was able to place less and less conscious focus on something that used to give him a problem.