Most investors immediately want to know: the cost of the housethe taxes on the housethe insurance for the houseutility expenses (electric, water, gas, sewer)6.

You will need to call the gas and electric companies and switch service over to you.You are in a big gray area right now.

We'll see about getting this bug fixed.

And I only pay for water/sewer -- the tenants pay for their own gas/electric, and if they want internet they pay for it themselves.

The electrical work on the project you described wouldn't be a big job just a small job but do not forget if you build a bathroom you need electricity in the bathroom.

Ideally, one would look at the estimated cost for essential repairs such as demo, drywall, paint, floor prep, electrical and plumbing, etc., and then choose cabinets, countertops, and flooring based on what remains in the budget.

A little sad for me because I really only want to bulid new houses, these are two existing houses that need a lot of work.I really feel like these REHAUL (wouldn't consider rehab when the house is rotting away and all electrical and plumbing need redoing) are more work and hassle and time then new construction.

Is there no common area lighting for which the landlord will have to pay electricity?

Eventually, you will find someone who does good work for a fair price.If you want to do the expensive stuff (plumbing, electrical), you can still hire out the cheap stuff like painting and landscaping and free up more time.

Youre estimate of costs seems high to me, but geez, just getting electric could cost 20k in some places, a septic system could be more than 10k.