Now the tenant is claiming the smell is back and is likely due to water getting in the walls from the toilet that was fixed and he wants the walls gutted and repaired, because he feels there is mold there.

So my gut feeling told me I wanted this property.

My gut tells me that the unit is priced too high.

I’ve gotten totally screwed in a good area with one ****** tenant I inherited that on paper was amazing. 5)36 cost me $16k in damage and $7k in rent...The only way to mitigate this is to screen your tenants property and I know this sounds crazy but go with your “gut”.

Complete gut job, all new electrical, upgraded service to 150amps, all new plumbing, new HVAC, windows, doors etc etc.

I put them up in a hotel for a few nights till the repairs are made.My guys can gut a bathroom and redo it in 2 days max.

I’d be happy to share a budget for a 2,300 SF 3 bed 2.5 bath gut renovation I’m working on.

I have been working with a GC since June 2023 on a gut and rebuild of a duplex in NH.

Specifically, I'm looking for neighborhoods with a good amount of distressed 3+ bedroom townhomes for sale for $120k or less that require a moderate amount of renovation (no gut jobs or major structural issues) and that will get me a rent-to-price ratio of 1% or higher on the final ARV.Thanks in advance for any thoughts/ideas/suggestions!

Ultimately, trust your instincts and choose a property manager who demonstrates professionalism, integrity, and a commitment to maximizing the value of your investment.