At the very least, I'd expect there to be some cost to modernize fixtures, outlets, and maybe paint touch-ups.Your interest rate is 4.5%. 

It was also a big challenge because I had only done small rehabs (paint, carpet and at most new kitchen or bathroom - not rearrange the whole house.

Would love to know if these are realistic or not.Replace most of the plumbing ($2,000)Some electrical work (assuming about $6,000)New heater ($3,500)Rental grade bath ($3,500)Rental grade kitchen ($2,500)Multiple spots of sheetrock repair, skim coat, painting ($5,000)Flooring on 1st floor ($2,500)Carpet on steps and 2nd floor ($2,000)Add W+D hookup ($1,000)Appliances included in rehab cost (rental grade - $2,000)Total - $30,000Thanks everyone for viewing -- I'm just worried about the realism of the rehab and then the operating numbers.

Physically, the look was changed completely with smooth freshly painted walls, and ceilings.

Most of the properties I am sent are outdated and would need kitchens and bathrooms redone, flooring and paint.

New paint, new carpet, etc. 50/50 of tenant occupied and vacant.Contract 2: SFH.

Paint, new flooring, new doors and work outside.

Mustard was paint.

landscaping, paint, flooring What was the outcome?

In this case, the C.A. gave this property a FCV of $179K and the owner did do quite a few projects recently (i.e. new A/C, new A/C ducts, one new water heater, painting, flooring, etc.).