I'm looking at a property that needs a COMPLETE rehab, and to top it off it's in a historical district which makes it extra hard. on average how long does it take to flip a property like this.

Some of his attitude toward inspections and permits would have cost him big bucks in some jurisdictions.

Would it be worth the extra time to obtain these licenses to have access to the MLS for reasons stated above?

I can hire pretty skilled labor for $9/hour down here and WE DON'T BUILDING PERMITS OR INSPECTIONS, and I doubt I could do a second story, add a bath for much less than $48.Regardless, $215 + $48 = $263, the RULE OF THUMB on rehabs is that your acquisition cost plus your rehab cost should not exceed 65% of After Repair Value (ARV).

Any tax advantages become a bonus and even if your just getting $20-30 a month extra it will pay for the occasional leaky faucet or other minor repair.

Except the cap right, wich you just added an extra zero it is 8.87%.

On street parking is not allowed with out a permit.

I know someone who did the same thing, took extra money from a refi & put it in the stock market.

I'm looking at it purely by numbers- cutting an extra $8K off the top is tough- especially with a partner.

With five children one in private school...I really need the extra money!