I also removed vehicles, cleaned yard, Removed old ceramic flooring and drywall to the studs.

I was told by a couple other experienced investors in my area that the avg cost to rehab a basement is around 80k, and 40k for the main floor.

By Completely remodeling bathrooms and kitchen flooring and other up dates.

Rent is expected to be 1700 for main floor and 1550 for basement, utilities included.

House is the nicest in neighborhood (4 bed, 3 bath, hand scraped dark wood floors on entire downstairs, white modern kitchen, greenbelt corner lot), builder downgraded after we entered neighborhood and started building 1800 sqft 1 stories with minimal upgrades, no stone etc.

If you can add value through a simple paint and flooring rehab, then great, but if you’re going to buy turnkey, it might as well be new.

We have some rotted floor boards on the front porch of a craftsman style home in Michigan that we have rented for the past four years and in June we are getting new tenants.

Here’s a breakdown of what I did and the costs: Labor. 29,176.53   - New Railing and Spindles– Exterior of House- Remove damaged flooring- Refinish and Stain Hardwood Flooring- Install Vinyl Plank Flooring on Floor 2- Install ceramic tile flooring in baths and Unit #1 kitchen- Paint Interior (Walls / Ceiling / Trim)- Install New Kitchen Cabinets Unit #1- Paint Kitchen Cabinets Unit #2- Subway tile kitchen backsplash and Unit #1 shower- New Plumbing throughout house toilets / sinks / garbage disposals / tubs / faucets- Install new light fixtures and recess lighting in kitchens- New doorknobs and hinges throughout- Replace electrical outlets and switches Materials - 2 Apts (Home Depot)...............$8,201.93Stainless Steel Appliances – 2 Apts (Lowes)....$3,300.00Quartz Counters – 2 Apts ............. $1,800.00Electrical repair / rewiring ............ $2,696.20Replace hot water heater................ $1,025.00Install Central Air Conditioning and upgrade heat........ $9,000.00TOTAL............... $55,199.69Gross Rents: $2,125.

It is a 2 floor unit and 2 of the bedrooms are accessed by a very steep stair case which cannot be rearranged (10 inch rise by 6 inch run roughly)2.

Does it mean I'm making 3 different leases for 3 different bedrooms in the 3 floor for example.