My partner and I bought a ranch style duplex last fall and are looking forward to adding value through DIY landscaping.

Other issues include, unmoved lawn, weeds everywhere, damaged landscaping, gutters that need to be cleaned etc. 

Replaced the flooring, kitchen, cabinets, washrooms, trim, popcorn ceiling to knockdown, furnished the basement and landscaped.

Purchase price: $216,500 Cash invested: $40,000 Sale price: $320,000 Cape house flip on side road in Bristol, $48k profit sold off-market after Private Money Holding Costs, Buying Costs, and Selling Costs.Re-grade land in back of house and provide new landscaping across plot of land.Replace roofing on back end of house where active water leak occurred.Two full bathroom gut jobs with custom tile showers and radiant heat flooring.Refinished the hardwood flooring and ripped out carpet across house.New GE 4-set appliances (Refrigerator, Range, Microwave, Dishwasher).Granite countertops in kitchen and bathrooms.New finish electrical and finish plumbing across house.Two coats of beige paint at the request of buyer across house.We bought this house on-market as a Short Sale and had to re-negotiate price with the List Agent and then ultimately the bank.

Purchase price: $216,500 Cash invested: $40,000 Sale price: $320,000 Re-grade land in back of house and provide new landscaping across plot of land.Replace roofing on back end of house where active water leak occurred.Two full bathroom gut jobs with custom tile showers and radiant heat flooring.Refinished the hardwood flooring and ripped out carpet across house.New GE 4-set appliances (Refrigerator, Range, Microwave, Dishwasher).Granite countertops in kitchen and bathrooms.New finish electrical and finish plumbing across house.

Purchase price: $225,000 Cash invested: $1,500 Unit on Biscayne Bay, 1 Bedroom, 1 bathroom, waterfront pool, lap pool with a jacuzzi, fitness center with steam room, lush landscaping, and on-site management.

.- Vegas homes typically have desert landscaping.

Boiler, roof, electrical system, parking lot, landscaping, mold, water damage.

Look for a distressed property that doesn't need a major rehab but does not some cosmetic work (paint, floor, cabinets refinished, landscaping, etc).

You also didn't mention pest control, landscaping / lawn mowing / lawn care, booking fees, resort taxes / hotel tax that you'll have to pay, supplies, and possibly property mgmt fees (depending if you self-manage).- Finally, since most of the income comes in during the summer season, you must be prepared not to use the place during the summer season (which of course is the best time!).