Our first and only flip: we bought a foreclosure, closed on a Tuesday, on Friday a lady knocked on the door while we were painting (we put a FSBO sign in the yard day of closing), said her moving van is on the way from out of state, her house purchase fell through, she'll pay all cash and could we have it finished and closed by the next Friday?

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

The house overall is in very nice shape and you can tell the previous owner did some updating (ie; new carpet throughout, painted walls, etc.,).

And they're somewhat state specific because of certain statutes, such as CO detector requirements, lead paint disclosures, maximum time security deposit can be held, etc.

Typically for something like what you have explained, I would rip the carpet out and put a fresh coat of paint in the.

If it's a mixture, then choose between them.

. ($100)Exterior paint/siding – Asbestos siding…Paint or replace with vinyl?

If so you have lead based paint remediation issues which can be expensive.

Assume conservatively that it will take a month to turn around once tenants move out, clean up, paint and find new tenants in your calculations. redo your calculations to deduct the vacancy rate you find appropriate along with adding costs of a months utilities to each year or at least up front.

I can give you a few questions to make sure you are asking a few responses that you are looking for from a company you choose to do business with.All the best with your 2013!