It only consists of 2 bedrooms, living room, kitchen and bathroom.2.

The difference between an illegal apartment and an office is I took out the stove in the kitchen, replaced the big fridge to a small fridge, and took out the bathtub and put in a closet.

shouldn’t admit this but each time I get another house to flip I clean out a draw in my kitchen and put all the paperwork and receipts in thereWhen I sell the place i tally up everything, but also have a running total on my note section on my phone as well, I get a folder and put all that paperwork in it and put it in a file cabinetNow that draw is available for the next flip.  

I would agree that 50k is probably pretty optimistic if the house is being called a tear down no matter what your intention is for it. think for just one minute the cost of remodeling even one kitchen and bath and then times 3.

I am thinking that if the amount of workers in town slowed down, I could always remove the kitchen out of one unit and simply go back to being a 2/2 single family.

They are all one bedrooms with LR, DR and eat in kitchen.

For instance here most investors do tile in the kitchens, bathrooms and laundry areas; carpet in bedrooms and basements; and hardwood or laminate in hallways, dining rooms and living rooms.

I don't have a problem spending a bit extra on nice porcelain tiles and stylish looking finishes if I know it means I will attract more of a 'higher classed' tenant, and giving me a higher rental return.My renovation will take a month and I plan on:-Gutting out the flat, removing the carpets and parquet flooring Knocking down the wall between the kitchen and the lounge Installing new kitchen cabinets with a stunning island, AND A BUTLER SINK!

Replacing a single pane window with a dual pane is an improvement while simple r/r (remove replace with same type) is just a repair.For improvements, think upgrades.Classic upgrades are worth less that $0.50/$1.00, even the big ones like a whole new kitchen.

The biggest expense was the front porch that needed to be rebuilt but, the roof was still in good shape, ad separate utilities and all the boilers and water heaters were newer, and the cabinets in kitchen on all three floors were in good shape.