Personally I put alot of stock in a great lease and my "gut".

Looking for some estimation for 2400 sq.ft of house in Fairfax, VA for full gut renovation; its 70 year old house needs of full renovation; NO new room addition or NO new bathroom addition.

Perhaps this friend doesn't have the guts to deal with this particular type of tenant?

Option 3 - Single family old house - good area/schools - 150-155K - gut rehab could cost 65-90K - ARV 325K - very high taxes/carrying cost but should be easy sell if priced properly.

Hello all, my GC & I are not seeing eye to eye on the sheen of the completely gutted kitchen and bath cabinets.

However, over the many years, I have developed a gut feeling based upon the risk and workload vs. reward.

They buy REOs, gut them rebuild them and then tenant and manage them.

I like it for the same reason, and it came in very very handy when it took me 2-3 weeks to gut my main floor bath to the studs and renovate :)

Am I imagining them, or should I trust my gut on this one?

Do that excercise a few times and you will be able to separate the wheat from the chaff.Your architecture background will be more effective in gut rehabs or new construction.