I will never trade in quality for lower costs.

Originally posted by @Shmuel Waldman:Although I have no magic crystal ball - On a gut jobDepending on how extensive you are guttingWindows/Electric/HVAC/Plumbing $45 - $65 per SF is a fair GuesstimateThank you, it would be a basic flip gut job property is in bad cosmetic shape and it would be flipped..Thanks for your help!

I own several properties in Texas where I get a 3% discount for paying by October 31st.  1% per month is not a bad return on investment

One lesson I have learned over the years is that some types of debt are not bad, as long as you are earning a reasonable amount of cash flow.

I've only ever had my handyman redo one bathroom and it was in dire need - it was just bad.

I'm not planning on buying a forclosure or something in bad shape. 

Quality is important to us.

I am very green when it comes to multifamilies, and I was hoping that some one could look in to there hearts, and go over the numbers on this deal just to make sure I am not making a bad purchase.

You can always fire a bad property manager but you can't move a property in a bad area.

If I have to purchase something out of town I will no doubt hire a manager.Question- after I make my investment would it be a potentially bad or good move to hire a prop manager being that this is my first property?