You could easily get into brrrr investing with 150k.

If you do go for it, you need an experienced partner, I have 2 neighbors on the block with the 1st investment property and they are going through hell, money runs out, lack of good contractors, not knowing when a contractor takes short cuts, easily manipulated by contractors etc,..

With labor, laminate / Formica would easily be 1/2 that but paying 2x is worth it to me for the peace of mind regarding durability etc.  

If they are professional, they can explain this quickly and easily.

If they are professional, they can explain this quickly and easily.

On purpose landlords put too much money and effort into it to leave easily.  

If they are professional, they can explain this quickly and easily.

Thanks, @Chris Seveney, I have done that to some extent, but while I was working on my property analysis spreadsheet, I noticed the somewhat large discrepancies in my various CapEx calculations (based on the standard formulas) and became interested in finding a formula that I could use easily (back-of-the-napkin), without itemizing and predicting expenses, and that would work even in cases where the gap between ARV and Current Property Value are rather wide.

Take good care of buyer and they might provide good word of mouth, and on the website of the company have links to our current listings so if people Google the company name after word of mouth they’ll easily find what we have to offer.This plan is not about making the cheapest builder grade home possible to sell to buyers and milking the most money out of them.

Because later, you can easily use it as your mailing list!