A lot of times you have to submit plans for the project, the permitting office reviews your proposals and then either gives you the green light, not necessarily to start building, but going ahead to submit your design/renderings of the actual property.

Open concept living w/ tall ceilings & large windows-allowing tons of natural light!

I'm also afraid of rehab costs since I just did a renovation so I'm thinking buying turnkey out-of-state or something with light rehab (cosmetic work). 

Look at trim, windows, the little things… can you keep light fixtures?

The inspection isn't very hard, make sure the plugs are grounded, the hot water works, the toilets flush, drains work and light switches work. 

I don’t need to be your agent to shed some light on it.

Rehab #1: 2 bed | 2 bath, 1,180 sq ftUpdated kitchen and both bathrooms; new lighting and paint throughout. 10 week rehab, plus another 2-3 weeks to furnish for STR.Labor: $30kMaterials: $25kFurnishings & Finishes: $12kRehab #2 was the detached SFR: 1 bed | 1 bath, 900 sq ftUpdated flooring, paint & lighting throughout; added washer/dryer; rearranged floor plan; replaced broken water main lineLabor: $28k Materials: $13kFurnishings & Finishes: $5.5k What was the outcome?

I find them in general to be good/conservative in their number so I am happy to provide it to the owner as it allows me the opportunity to under promise and over perform.It is important however not to just plug the address into the rentalizer and go, you need to analyze the comps below and weight the comps most similar to the subject property.Hope that helps!

They lead to light bulb monuments.

The sellers want to portray their property & location in the best light possible so it’s best to do your own unbiased research and ignore the hype. #24Everybody is a conservative underwriter.Don’t get caught in the echochamber of “conservative underwriting”.