Hi BP, so I'm currently in the next phase of getting my first rental property all fixed up and ready to rent, and am essentially looking to meet someone (or some people) who can help with things like installing kitchen cabinets, replacing toilets, installing light fixtures, laying floor, painting, electrical etc.

Fix those things and even spending 15k to do so, buying the house at 14k and closing costs you are in for 33k roughly.

It comes down to 3 factors#1..... damage to the property...... the issue needs to be fixed NOW or the damage will escalate quickly#2...safety..... is the issue an immediate safety problem#3...habitability..... does the issue effect the immediate habitability of the tenant.

There are some amazing networking opportunities here...I highly suggest getting involved with REIN (Main meeting is this Monday at Tech Hill Commons) What I like most about the Nashville Market: You can buy a house in the ghetto with bad loud neighbors, or backing up to railroad tracks, fix it up, and it will still sell day 1 with multiple offers right now. 

Looking to fix & put tenants in.

Been at this for almost a year now and can't get the finances in place to start doing Fix and Flips.  

We have a great communication with them and all plan on learning a lot.SO.On this deal, we are purchasing to fix & flip, then giving the investor a percentage of the profit (plus a small interest % on their money while we flip).The deal is:Small 2b 1ba housePurchase price $42,500ARV $103kRehab costs ~$25k (mostly cosmetic, like new kitchen/bath, also new windows)Which keeps us at 75% value.

Great information for a nominal amount of money plus the Pest Inspector gives you guidance on what needs to be fixed for Pest 1 and Pest 2 clearance (which you will need) when you sell the home.

A fixed rate 30 year seems better than the variable rate HELOC, but having the flexibility to decide on pulling less equity out as I go might be beneficial.

Ask the seller to evaluate the issue and get a quote to find/fix the issue?