@Paul Alberry I had a Tenant call a couple of months ago when she claimed another Tenant walked in on her using a key.I called his wife first to try and intervene because the Tenant said she was calling the cops.Then I installed new locks, placed the new keys in a coded lock box and charged $20/lock.

Sadly most prospective tenants still have never heard of heating water with the sun and quite a few figure it is a summer-time only thing.That said, the basic functioning of the system is simple to explain and most folks think its cool once you walk them through it.  

I'm looking for some guidance from some of the more experienced California flip investors in luxury homes to see if they might use a matrix or formula to plug in a set of  rehab estimation numbers for a luxury rehab as they are initially looking into the potential of a project being an acquisition candidate before they actually walk the property.I can typically create an estimated improvement budget for almost any commercial property in both office and industrial for proforma purposes before visiting the property, but residential is a new animal for me. 

So if the inspection comes back that its bad - either get the seller to agree to pay for replacement, or walk away!

Do your due diligence, if the numbers don't work then walk away.

The interior needs minor touch up as well as paint and new carpet in the upstairs.My contractor did a walk through and estimated the repairs total 60k.

I am excited about the potential income but, I don't want to walk into something that is too good to be true!  

The flooring is only when you walk in front door.

So I would have to pretty much purchase for his asking price of 45k (or make a down payment in excess of 20k) so he can walk away with some money to fund the next business venture.

I thanked him for his time and told my client that we needed to walk away from this whack job and find another place.We submitted an application for his second choice, which went through without incident.