A full renovation including white shaker cabinets, granite, upgraded kitchen and bathroom, refinished hardwood floors, SS appliances, stackable washer & dryer, 2" faux wood blinds, landscaping, NEW sewer line, NEW HVAC, and much more!

. = 8% of rent ($152/month)HOA Fees = $46/monthUtilities / Landscaping = $0 (paid by tenant)Principal & Interest = $1,050/monthOperating Income = $1,748/monthOperating Expenses = $865/month (49% of income)Cash in deal = $85,250 ($55k down + $8,250 purchase costs + $22,000 rehab costs)Cash flow = -$167/monthCoC = -2.4%Unless I can get this house for significantly cheaper, this is not at all close to a deal I would want.

Over the 5 years of living there I did a few updates including: painting all of the walls a more modern gray (previously had 3 different colors), replaced a black toilet and floor in the half bath, and revamped the backyard to remove landscaping rocks and add grass.I also had roommates most of the time I lived there so that was nice to have someone help split the bills - I gave them below market rent so it was a win-win.

my worries are this, i have to wait 45 days before i can even get started w demo. then anpther 4 months before its sold so idk if i want to run a 5-6 month project looking at maybe maybe a 45 spread after taxes and closing cost.also the house needs heavy remodel. roof ,foundation, hvac, landscaping everything. so im not worried about the ppl taking care of the home at this point because its trashed.   

As much as many people don't like to do manual labor, I found it very helpful that I spent 2 years in the propane service industry and at the same time, working in the landscape design field.

Interior finishes, paint, front door, landscaping, windows?

We also delegate landscaping to a lawn company for $60-70/month for mow and blow service.  

This would include rent, utilities, landscaping, and even a leasing fee if you pay an agent.

Since they are not permanent residents, nobody wants to hire them, and they are finding out that people don't really hire for odd jobs like landscaping, running a store, etc. they will hire their own citizens first.

-They came up with$2,620,000 total estimate for the land $225,000; Building $2,204,000and other adders for landscape/fence/Entrepreneur efforts.B.