We also made sure it was extra clean when the next round of tenants came to see it and accomodated showings.With the exception of what Michaela said about accepting too much rent upfront, I wouldn't necessarily rule them out.  

The extra $12,000 I spend on the rehab  nets me another $200-400 in this $1000 price range and that is an extra  30% return above the turn key investor.  

I believe he said it was pretty much a wash on returns vs. extra work.

I am sure there is something extra they have to do in the foundation to get it level first.I am sure some of the experts on BP have experience and/or knowledge about my question.Also if you have some contractor recommendations, that will be great.Thanks all.

I usually use 5% as a rough estimate for cap ex, and 8% for vacancy.Best of luck to you!

I haven't seen that post of Jay's (his posts are usually spot on) but you will often see the 3 C's, the 4 C's or the 5 C's.

Scavenger is usually referring to the trash collection.

They’re used to making monthly rent payments to my LLC name and so would continue to make payments to the same entity, as usual, despite the LLC having changed hands

Gas is cheaper to run and the equipment is usually cheaper as well.

Even with a lower price, the incentive of all cash with no loan required and usually a quick closing, is hard for a seller to pass on.