I help with demo, paint a lot, do small repairs, cleaning, etc.

Fresh paint?

We painted ($1000) and will replace the carpet before the new tenants move in.However, after 100 calls, 3 price reductions and over 30 visitors, no applications yet.The house does not have a basement in a state where most houses have basements.However, it's:1. clean2. similar size to other houses3. great yard4. has 2.5 garage5. no dishwasher6. some landscaping in the front from the previous renters.7. fireplacei am at a loss on why we are having trouble getting applicants to show up.

We had also freshly painted the inside and outside.

She also renovated the entire kitchen and painted the whole place on her dime.

Craftman style, decent neighborhood, needed significant work and great houses around it.Upon further inspection, it was partially worked on inside, some new sheetrock and paint, but it didnt look like anyone had been there in a bit.Knocked on the neighbor's door and after some chatting, got the owner's number.Long story short: meeting the owner this week for a formal tour, talk numbers, take my mentor and then maybe my first wholesale deal!

Can any one give me any tips on owning rentals in a not a totally ghetto area, but i guess i could say a little run down.

Came across this ad while looking for rent comps: http://baltimore.craigslist.org/apa/2588121845.htmlRenting a place to the first starnger, then evicting, not wanting to clean/fix/paint/replace carpet; Then renting the dump and then evicting, not fixing/cleaning/paintin; Renting as-is, evicting......

If I don't have a contractor or someone with experience with the rehab, I try to give a best guess based on the following formula.Square footage of the house * Rehab Factor (e.g. 5-12 depending on the severity of the rehab).ex. 2000 square foot house that just needs cosmetic (paint, carpet/flooring etc) would be a 5 rehab factor so I would estimate2000 * 5 = $10Ksame house with repair work and updating2000 * 12 = $24K

Converting some of the downstairs into a master bedroom with walk in closet and ensuite, 50 % new roof, new floors throughout, paint, finishing a sunroom, refinished kitchen and baths.ARV: $189,000 Comps: #1 - 3/2, Same style house with 350 extra sq ft (mine will be similar with finished sunroom) no big garage.