Think of it this way, if you had sold the home without a completed kitchen, you would have only been able to sell to cash buyers as lenders would not finance a home without a complete kitchen and therefore, your exit value would have been much less (well below the $5k u put in).When I rehab a home, I do top quality for the area and my curb appeal and ammenities sell the home fast.

i provide very good/updated/clean homes and i have a hard time finding anyone that will stick around for more than 1 yr. i feel like i have to reduce rent to entice them to stay longer. i dont get it.

As mentioned the purchase price should be peanuts, their option is usually to get something selling it and you prep site, or pay to demolish it and prep site and clean up.

shortly there after, i hired a property manager, built a relation ship with a set quality contractors and found ways to automate the business.

Either way, I'll subtract the bill for cleaning the carpet from their deposit.

-economic vacancy rates (real vacancy + non-collectable rent and related income) -turnover costs between tenants (normal ware and tear costs painting, carpet cleaning etc.)I would also echo time tends to be under estimated and very costly.This post is only my personal opinion.

Selfishly I would love to do business with you, but the Jacksonville group is definitely high quality.

i bought all of them, and mixed with buckets of cheap white paint to make nice soft lavenders and other colors...i had home depot intall the carpet and i threw a granite slab in..i even bought the appliances off of craigslist..i laid down some floating laminate in the kitchen and tile for the 2 baths...i spent maybe 2 or 3 days cleaning the place as well!

But, just be really careful with who you are using and make sure they provide good quality links.

If they still make them work (i.e. paint,clean, ect.) and pay and affordable mortgage, then I take back my negative comments.