You may want to add shampoo to carpet.

Dear Big Pocket community;I own a small rental property in Pflugerville TX and last week the A/C unit started leaking due to poor workmanship as a result the carpet in the adjacent room was found to be soaking wet and in need of replacement.

@Chad Tate  I get several estimates but I don't buy major rehabs usually my PM handles carpet flooring paint etc. what I'm saying is something major is Likley wrong with this property.

He said it needs new carpet and the hot water heater leaks around the valve.

@Adam Dahlberg sorry for not getting back to you sooner, I have been a little busy and not being able to get on here lately, Vacancy was only 4 days and just had to replace carpet once in a couple of the bedrooms, when tenants where moving in and out, I factored that in on to the holding cost.

Again, the spreadsheet with an attempt to identify  individual property variances and figure out what creates them,  Usually that is the degree of finish (new kitchen versus old etc...wood floor versus carpet)3.

New paint and carpet, updated cabinets in one unit, large parking areaProperty Details Property Type: Multi-Family Home Seller Type: By Agent School District: Bedrooms: 3 Bathrooms: 1 Year Built: 1956 Square Feet: 1870 Acreage: 0.25 Acres Heating: Forced Air Cooling: Evaporative Cooler Garage/Parking: Driveway Yard: Landscape - Front Appliances Included: Refrigerator, Range Basement Type: Shelf/Crawl Space Floor Coverings: Linoleum, Laminate, Carpet Exterior Material: Other Special Features: None Specified

Dog feces indoors, carpet stains, stove looked like it was 50 years of neglect(was brand new). 

Nahhhhhhh..... never goes as planned LOL came to find out that he was growing weed in the converted garage and ripped out the carpet and some other random things. 

hmmmmReal Example: In 2002,we bought (owner occupied zero down payment) a $240,000 'list  price' -foreclosure (near Ballantyne-- 2800 sqft 4 BR. 3 BA on the golf course) from a local credit union and they had done A LOT of rehab.. new int/ext paint, new carpet,replaced inground pool equip and liner, new windows, refinished hw floors.. but during the inspection we found both HVAC systems were the original 1983.So i got quotes ($12,000) and financed that into the loan , funds escrowed and work started on the day of closing.Remember-- that only added $50 a month to my PITI.Then, usual buyer agent commissions run about 3% of the loan amountwhich at 100 % financing 240 + 12 is 252... so instead of 3% i wrote the offer to say 5% so instead of ~~7500 i paid myself $10,000+( which added another $50 a month to my payment.