I think it will vary on the specifics of your plumbing set up like where the submeters can be placed.

Cost about $1700 to re-plumb the entire house and there was no other damage.

Buildings that are older then 20 years will usually require some maintenance such as plumbing, AC replacements, etc but the rent should easily cover those expenses.

Remember the other end of the move requires a foundation/slab, electric, plumbing and sewer connections.

Some units need HVAC and or plumbing/electrical.Cap rate - 10% Class AGRM - 1.70This property has been reduced from $400,000.

And there will be plenty.Another is so many times the former owner will remove necessities, such as wiring, flooring, sinks, light bulbs, plumbing, doors, windows, and the list can be long.

Brought in 2012 for $74,000 and now is worth around $145,000 to $160,000.3 home is a 3 bed / 1 bath build in 1953, 1104 sf - fully rehab with all new from electrical, windows, plumbing, stucco, A/C.

Look for simple designs: square or rectangular footprint, 2 story, moderately pitched roof, bathrooms in close proximity to each other for reduced plumbing costs.Drive by one of the big nationwide builders and look at their house designs, lots of 2 story boxes with simple roof lines.The only new construction project I've been a part of consisted of a Victorian house with round rooms and roof lines.

The more bids you get for drywall, plumbing, HVAC, electrical etc. the better.

The only "regulated" trades here are roofing, electrical, plumbing, windows and hurricane shutters.