We recently finished one in the Med Center for a client that was 1,600+- SF 4/2 and cost $20K-$25K for furnishings, decor, setup, a few minor repairs, etc.

Off her meds.

Flips are taxed as Ordinary income, usually plus self employment as/med at an additional 15.3%. 1031 is not available for flips, only long term investments.

Below is an example of a Risk Assessment that you may find useful:Positive credit = Low Risk; accept applicantNegative credit due to Educational Loan Delinquencies or Medical Payments = Med Risk; approve applicant with increased deposit/co-signerNegative credit due to utility delinquency, money owed to a property management company or homeowner, car payment or unsecured debts = High Risk; turn down applicantUnfortunately, FICO doesn't do a great job of considering the above Risk Assessment when scoring a consumer.

But most folks, including myself, who graduate from a top 10-15 school in STEM, accounting/finance, life science (esp. pre med) and similar fields are easily earning $100K+ within 3-5 years of their undergrad degree (you might find it interesting to know that I graduated in 2008... so not the best timing for a finance major). 

Five foot five & 290 pounds of lovely me :D ....

Originally posted by @Delicia M.:@Ed

And even with better meds many don't take them and by law they have a right to refuse them. 

Pest Control should be specifically acknowledged by Tenants, especially if they have ANY food/meds within their BR.I recommend avoiding Terminix at ALL costs.

Just to start to get a feel for some things (and I know these will vary quite a bit) I wanted to ask if there are ball park estimates on costs of rehabs for light/med/heav work around 1,500 sq ft.