By doing so you completely defer all tax and you have a replacement property that is very lightly leveraged.  

Happens a lot when a house has been abandoned and closed up for a while.Although ceiling fans are popular here in the south, I got tired of replacing the starters in the light or fan sections after tenants manage to yank the cords out. 

If you have the time and energy to put in, you can find deals in your area although price points will be significantly higher (Obviously).

Hello everyone:I am new to BP, and to real estate investing, I live in Los Angeles and find it difficult to figure out what is the best investment strategy for my market, I was hoping someone with success in investing in Los Angeles could shed some light on what are the best strategies for this market, I would greatly appreciate any advice, Thank You BP family.

I did a primer and one coat of paint and if the light hits the walls a certain way, you can see some of the old color still.

To calculate utility bills per square footage seems like a good estimate, but you can have the tenant that is efficient and likes to save power, while the other tenant blasts AC with the windows open and always has the lights/TV on.

For people that want to be more hands on, have the time and energy to deal hunt, rehab, or self-manage, this might not be a worthwhile tradeoff.

Needs mainly cosmetic repairs, paint, carpet, kitchen, bathroom, lights, gutters and flooring.

Since we live in the North most of the windows and doors have been changed to energy efficient ones.

each unit seperate meter and house meter for halls, basement and exterior lighting..