Of course depending on the quality of the house.

That house has given us an opportunity to get some rehab experience and we have started building relationships with a really good electrician and a couple of other handyman types.From what I have seen on BP I should be looking to get involved with a local REI club to start building relationships but I have not been able to find anything around here.Hoping someone with local knowledge on BP can steer me in the right direction for attending some central california meet ups.My goal to build a stable quality REI business over the next few years and eventually transition into this full time.Glad to 'meet' everyone and I promise to stop lurking and get more involved on the BP site.

Ok, but i can't change the past. i can only go forward. its been years.I have cleaned out my moms old home and rented that.

The quality of his rehabs is excellent.

I usually never have to go back and sand and i dont have any drywall dust to clean up.

The broker said he is going to speak with his client to try and obtain these.I have a copy of all 3 lease agreements and they look good and clean.

The ones I have looked at need just cosmetic work -- cleaning and painting

The house isn't a high quality home and seems like a big ticket repair would wipe out any profits.Right now we are looking into purchasing investments that could potentially make us more money in the long term.

Because every home has different features, building material quality, and age of materials, (maybe the kitchen was renovated 5 years ago) the value and depreciation can vary greatly.The rule of thumb I've used for easy ACV calculation is if its a frame home depreciate by 1% per year and if its brick then its .5% per year, up to a max of 50% depreciation.

Hey guys,We have a sewer located at our property, and there's an easement with the city that allows the city to enter our property to clean the sewer.