But not something that means upgrading the wiring or plumbing etc.

The contractor says all items will be up to code.

I would also look into the plumbing and electrical to make sure you don't have any big ticket deferred maintenance items there.

Now that bottom line can potentially include rehab/construction costs if they are escrow-ed as part of the original purchase (with releases to contractor at a established points during construction).

@John West Look at the plumbing/sewer, landscaping, trash and road maintenance to name a few.

One of my rentals is on septic, and I have had problems with roots down there.I know very little about what piping and installation cost as I have never had to replace pipes in a property before.I am curious if the Bi...

@Felix L PerezIt is okay if you are not proficient in tax - you can easily hire a tax accountant to help you.I am not good at plumbing and I would never dare to try to fix my plumbing issues.If you are involved in a flip that you acquired the property in 2018 - there won't be any benefit that you can use to do on your 2017 return.Expenses that are ordinary and necessary are deductible.

Also for rehabs, what software do you use to track expenses related to type of work completed (electrical, plumbing, etc), and what features have been important to you in your business to analyze historical expenses on rehabs?

The last job, a bath tub demo, was quoted at $10k which is absurd.My condo will eventually be a rental and I am looking for a small, Seattle,WA based contractor or handyman that can help me with some small plumbing and electrical projects but who isnt going to force feed me italian marble inlays in my shower.Anyone out there have a good reasonable guy/gal who can help?

Many sewer services have cameras that can show you the problem and what type of system you have.Assuming you are on City sewer, after you have the lines cleared, treat the plumbing with an acid treatment--I use CLEAN SHOT--4x per year.