Are comps at your projected ARV selling with a washer/dryer in place with cabinets?

My name is Armando and I just moved to the Lehigh Valley to start working on some contractor projects for an investor client of mine and I am looking to add a couple more clients to my list.My backgroundI went to Northeastern in Boston for college studying computers and management but I always loved the idea of real estate, so decided to work for my dad's company doing renovations.

If it's a one bath and you have the cash + reserves I would suggest taking this project on before moving in. 

A way to look at it is; if it were basically easy as buying a 100k turnkey and getting $2400 in cashflow just like that, nearly all investors would have hundreds of them.

Ask to tag along on an ongoing project.

It will familiarize you with the basic terminology and benefits.

If you're looking for just the basic, Avail or Innago would work.

@James RobertSo basically, its just betting whether the property will appreciate more or less than what you can do/invest with the cash proceeds?

Have your income statement both actual and projected, real estate owned, your detailed plan for going forward, have your FICO score, tax returns. 

But this is the bread and butter of what I do in Detroit.Pay cash, do the renovations, then refi out.As you mentioned, you need to be confident in your comps so you can put an accurate ARV on the project before you pull the trigger.