All I did was rip out the carpet to show the beautifuly preserved T&G oak floor, took off the paneling and repaired some of the plaster, done. :)So if you are an investor, LOOK for the shag carpet and panelling hahahahha.

I wear shirts with the sleeves ripped off and Nike comfort shorts but when I go to a closing or to meet contractors or whatever I dress a bit different!

I swore I would never play in that game ever again because about 95% of those who buy RE investment education get ripped off.

"(lol) start costing us (lol) well hell, we will just get the gov flunkies to cover that for us again or we will slam them with another HFT hit, rip 500, 600, 700 pts from the DOW and get another flunkie in office to process our checks.

I really just can't find a local hml who willing to do anything less than 150k and all of the national hml are just a rip off.

.- New sub floors in Kitchens where needed , and then Linoleum floors in kitchen- Total Cleanout 3-4 Roll Off Dumpsters for left behind junk- Linoleum in pantry 4x8- 2 Bathrooms - Needs new linoleum and 1 needs Sub floor- Bathroom walls - rip off old plastic tile in one and make drywall and paint - Ba 2 Needs Rip off wall paper and skim and paint2 - Living room Kitchen & (2) Dining Room and 3 (6)Bed rooms Refinish Hardwood floors on ea floor so x22- Living rooms, kitchen and dining rooms, remove wall paper and skim coat, and paint all walls and ceilings2 - Living Rooms and windows remove all trim and replace with new and paint ( lead Paint )2 - Repair Bathroom Ceilings and Pantry Ceilings and then paint6 Bedrooms Fix Drywall, paint walls and ceilings2 Bathrooms install bathtub wall panels2 - Install Kitchen Cabinets , and countertops, and Sink in both pantrys2- Install Dishwashers including pipe, drains and elec in two pantries2 - Over stove - More cabinets in Kitchen @ 6 ft top and bottom with countertops2 Install washer and dryer hookups after bringing power to locationApprox 150-200 ft of Asbestos removal in basementalso what is the lead time to do all this..?

If and when the wall needs some serious patching, rip out the drywall and double or triple up a few of the studs so there's plenty of wood for several tenants to mount their "idiot" panels (old-timers remember the term "idiot box"!).

i just read a thread about how some1 needed to rip out a kitchen because a termite inspection wasn't done properly. so i wanted to ask what is on your checklist of things to do prior to buying a property so you avoid situations like that

Actually, I found out this is not a wholesale deal (although this group of people normally does wholesaling and I did buy one other rental through them about a year ago--I don't feel they ripped me off on that other deal).Apparently they own this house outright and are trying to flip it (is that the correct term for an unrehabbed house?).

This looks like pretty normal expenses.I am not attacking your judgment of the situation but from personal experience I know that I like to be in control of my investments and when I can’t be, it is easy to get paranoid and assume that somebody is trying to rip me off.Looks to me like you have a good property manager that is taking care of things for you.Just another angle to consider…Respectfully,