It's supposed to last something like 75 years if it's installed correctly.

Just wondering if anyone has a ballpark estimate, regarding the cost of installing a fuse panel/circuit breaker.

We are also getting way off topic from the OP's success of her deal, so if you feel the need to drill deeper, there are thousands of posts on this subject you can disagree with and I'd be happy to address it.BTW, she's in Texas, they have different laws effecting lease-option deals, they don't like installment sales in TX.

The tools to acquire or control are: Sub2 without a note Sub2 with a note Wrap - AITD Lease Option (with intentions to sell your interests as opposed to sandwich) Land Trust Purchase Land Contract Purchase (Installment Sale) Private First Mortgages for free and clear houses The strongest possible transaction for a buy and hold is a sub2, where you get the deed.

if you come across wood panelling in the basement...when a standard is nice drywall finish ...would you install 1/4 drywall on top of the panelling or rather demo it and start with the regular drywall ?

I recently had a contractor install new laminate floors in a house I am renovating.

BTW, if you get involved in any seller financed note or installment contract, your cash purchase changes to complexion of an equity financed obligation to the extent of cash paid as a funded loan that can impact foreclosure and deficiency aspects...but that's another matter.Impressed with your recognizing the importance of pre-origination aspects as well as post closing matters.There is no flow chart that I know of for note due diligence as there are infinite concerns that may need to be addressed and the road can take sharp turns without notice.

Water in the basement could mean you will have to install an interior perimeter French drain with sump pump; I have priced those in the past at $65 to $85 per linear foot of perimeter wall.

Installing cabinets is not hard.New corian or cheap granite counters about $1800.

4) Is $5K a good price from a reputable (probably unlicensed) contractor to knock down one 3 foot wall, two 9 foot walls, reframe, and install tile in the new half bath?