Not sure how many tenants there are but if your buying it cheap enough then you may just do a proforma based on the financial health of the tenants.

The bad roof/ac/furnace/water heater might be the only reason it’s cheap AND the only reason someone didn’t buy it before you or offer more as their primary.

I don't think its a big deal to go back to renting - though you do miss out on the appreciation play of owning a nice house in California and the cheap financing you could get.

Pulled out the cheap (non-waterproof) laminate floated over it, then 2 layers of vinyl sheet flooring, then found the original wood floor which was severely rotted.

The only way to get that GC you're looking for is to do your own due diligence.Who is great for me or others may not do you well.Contractors for the most part see us investors as cheap - and we are!

I'm starting small now with properties under 80k that I can find in reasonable locations in Illinois for example, Dwight, IL, Ottawa, Morris, areas in Central IL where area is cheap so I can generate a nice stable income.

I have a guy who installs HVAC systems for really cheap(its quality work) but the only catch is he doesn't do ductwork!

The kitchen would be getting only a slight upgrade, it was pretty new when I bought the house, but the laminate counter was a cheap one and is showing wear and tear only 3 years later, so to me it's not an upgrade on the kitchen so much as upkeep.

All,I am looking to understand the markets where the land is fairly cheap and rental demand is good.

I have 2 easy and cheap suggestions.1.