Property specs: 920 sqft, 3 beds, 1 bath, year 1960Needs: new floors (currently Spanish Tile 12x12), full bath remodel (last updated 12 years ago, all white subway 4x6 tile), needs new roof, needs landscapingThe kitchen is about 7 years old (cherry wood cabs, black/white marble countertops), A/C 2 years old

I’ve been watching this particular property online for a few months now, it’s owned by HUD and the inspection says it possibly needs a new well, new flooring, etc. basic stuff I analyzed it at $10,000 in repairs and after other expenses, it cash flows 300-400 a month depending on different variables I have thought of.

Where I am, and in most of the houses I've seen, there is usually one per floor in a house. 

@Brandon McNultyCapex includes those big items; roofs, floors, kitchen cabinets and counters, plumbing, mechanical, electrical, etc.  

Unit #2: Trim throughout, repainted doors, paint, saved floors with deep clean, vinyl plank in kitchen, new cabinets, backsplash, new vanity + toilet, and updated fixtures. 

We want to request new floors and paint on the walls.

We want to request new floors and paint on the walls.

We also have Fresno State University one of the largest universities on the valley floor besides UC Merced which is about a 45min drive north of fresno. if your going with a buy/hold strategy this area would be perfect - It took less than 24hrs to get a hit when I listed my SFH for rent actually MULTIPLE hits and 5 clients went through the screening process which took about 1week then narrowed it down to one - Now cash flowing a little above the 1% rule

Floors weren't at all visible due to the level of clothing, pop cans, used kleenexes, and other garbage.Now that hoarding is considered a mental illness I want to tread accordingly. 

The water pressure can cause extreme bursts and flooding throughout your home when the water floor is re-established.