If After paying rent , auto ins, electric and water you only have $15per day to feed, clothe and entertain yourself and 3 kids it's not going to work.

I did a lot of the work myself- electric, cabinets, flooring, windows, doors, trim, etc. and lived in it for 2 years after building.

i didn't think the guy would go for it b/c someone started to rehab already and just had to stop work on it for whatever reason so the electric was upraded already, about 55% of the walls were done and painted. i also didn't think the guy would go for it b/c i thought i screwed up by telling him i was planning to wholesale. but i've never done this before so i was trusting the person who has done this before.

Rented it today for $1350 and am so happy all of the carrying costs/water bills/electricity bills/ etc. will end July 1.

You couldn't give me a place that was ALL ELECTRIC in Houston, I wanted (or added when the time came) archetectural roof shingles (look better), ceramic tile, decent carpet and pad etc.Learn to do the work yourself.

The electric company doesn't come to your house to pick up their check - neither do the credit card companies or anyone else for that matter.

My initial education is as an Electrical Engineer with a specialty in Computer Architecture.

There are times you need electric to the island and air relieve vents from the island and those two can be solved via the same solution.

Purchased for 60k put 11k into it and rents for $800 (main 3bd/2bth) and $450 (1bd/1bth lockout) so I should have enough cushion for high summer electric bills.

For your electives take classes at the community college in things like electrical, plumbing, and HVAC and both micro and macro economics.