Ever have to replace a roof, floors, cabinets, furnace, etc...? 

It gave us 9' ceilings which look amazing and I can get 42" upper cabinets in the kitchen, which is small so it will help to enlarge the storage capacity. 

I'm seeing some of these FEMA payouts and knowing what I pay for Sheetrock, cabinets, appliances, etc I am strongly considering picking up a couple around Conroe for buy and hold.

So unless you have a new roof, kitchen cabinets, counters, bath vanities, showers, flooring, HVAC, plumbing, electrical, etc. those expenses are likely in the next ten years. 

The renovation will cover the following:Kitchen - new floor, cabinets, appliances, paint, and remove a non-load bearing wall to open up the kitchen and living room.Living room - new floor and paint2 main bedrooms - new floor and paintMain bathroom - gut renovation, new floors, vanity, sink, showerBasement - convert portion of the basement into a 3rd bedroom with new sheetrock, paint, and flooring for finished part of basement and staircase, - wall off 2nd bathroom and gut renovatePurchase Price: $60,000Repair Cost: $30,000 (my own initial estimate came in around $25-30k so I am using 30k to be safer)ARV: $130,000Down Payment: $13,500 (15%)Hard Money Loan: $76,500 (85%)Monthly Expenses (6 Month, Interest Only Term):Interest: $825 (11%)Taxes: $220Insurance: $40Total Monthly Expenses: $1,085Total Expenses Over 6 Month Loan Term: $6,510Cash in the deal by the time of ReFi:Down Payment: $13,500Monthly Expenses for 6 Months: $6,510Purchase closing costs: $2,500Total Cash in Deal: $22,510Refinance:ReFi Loan: $97,500 (75% LTV)HML Payback: $76,500Closing Costs: $3,000"Profit" after ReFi: $18,000Equity after ReFi: $32,500Rental Income:Gross Income: $1,300/monthReFi Mortage Payment: $642/monthFixed Costs: $260/monthVariable Costs: $299/month (23%)Cashflow: $99/monthMy 2 exit strategies would be to simply flip the house, or, if the valuation comes in slightly lower than expected, I am confident I can still rent it at this price because it is a very rent heavy area compared to owning and continue with the BRRRR method with slightly better cashflow because of a slightly smaller ReFi loan amount. 

It is like a digital file cabinet and once you figure out how to customize it, it works really well. 

Replacing kitchen cabinets, counters, floors, appliances, lights.

I am also looking for a list of cabinet suppliers.

I like the IKEA cabinet in the second bath. 

I am looking for mid range pricepoint wood kitchen cabinets and granite counter tops.