.- newer furnace, older central air, 10 yr old roof, newer plumbing, updated electrical service, vinyl siding, new windows and doors.- needs about $2,000 in small repairs to be ready for tenant.- purchase price $77,400.

For us rental property investors that could include work for plumbing, electrical, carpentry, equipment maintenance, accounting, gardening, property management and similar services.Originally posted by Kyle Meyers:I have a few questions about the exceptions though.1.

- one heat-pump is older than I thought, 20+ years, and isn't blowing any cool air, backup electrical heat didn't appear to work either (no gas furnace at this place).

Up here in snow country, all my rentals have at least 2 heat sources, with one that will run without any electricity.

If you have an outlet right outside the closet, it would be very easy and cheap to run the electrical yourself for a new light.

Having your copper, AC, and electrical wiring stripped will destroy your profits for a long long time.As a new landlord, I would not go it on my own in this type of area, but with the right PM, it can indeed be very lucrative.

page=1My assumptions are that the walls and ceiling would need to be insulated, all electrical would need to be inside the walls, and the finished height of the ceiling would have to be 7' or higher.

We have several good electrical supply, plumbing supply, hardwood and flooring stores.If it is an older home or rental and I have time, I will check out several Reuse stores we have in our area.

I will have the new electrical panel installed by a pro and I will have the drywall professional taped because it would take me a year and a day to do.

Are you talking purely cosmetic or does it also need electrical, HVAC or plumbing work?