That brings your total estimated cost to $295,000. them you want to sell the property for $345,000 and your real estate commissions at 6%, closing costs, inspections and fees bring your total costs to about  $295,000 + $20,700 = $315,700 leaving you with a stinky profit of about $30,000 when hoping that your $60,000 estimate had no unexpected problems.There is no way an investor should risk spending $215,000 to earn $30,000, or 14% on your money and then you need to give 20% to 25% of that to Uncle Sam leaving you with only $24,000 or only 11% profit.You have no choice other than to sell it for as much as you can.

If the numbers make sense, make sure you don't spend all of your savings (you need some for closing costs and the unexpected). 

I have two vacant as I take my time remodeling, just to be there for those renters that have a job, but can't pay past bills.I welcome the landlords hiding a couple 2 or 4 family's properties that just want out!Let

Fix and flip for first-time flippers is not going to make a lot of money and in most cases, you are going to lose money because of high purchase price, bad choice of contractors, poor management, unexpected expenses, and much more.

No job and only ~$50K in investments is not a stable position.You didn't provide numbers, so I don't know what price range you're looking at and what type of rental income you're expecting, but it doesn't sound like you can swing the down payment and have enough reserves for any unexpected major expenses that pop up.

Hi all, I was helping my mom replace outlets in her 37 year old home and 4 were replaced with no difficulty then suddenly a bunch of appliances in the kitchen went out including the fridge.

What if a hefty unexpected expense of came up? 

Hopefully you have leftover paint, but if not either try to match it (remove an electrical outlet cover and take some drywall that is painted from an area covered by the plate) or get an accent colour.

And I don't really have anyone local to chat with so this is my outlet to discuss what I love the most.I think you're referring more to a mentorship.

on my homes I am building in Canby I do put a charger outlet in the garage as a standard feature to date none of the 30 homes I built last year have an electric car / vehicle  but that will change over time no doubt. good job on your MF empire .