A house with new roof and heating and updated should have less capex then one not updated in 15 years.On a single family home in DC area I would say $200 a month is low.As a side note I always replace all fixtures and receptacles when I acquire a property - avoids the incidental calls of a plumber or electrician at $85/hour to fix a leaky faucet or faulty outlet.

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Tile back splash and all tile surround in one bath.Turned upstairs loft into a bedroom on one side by building a wall/closet.Minor electrical/plumbing.New gutters/downspouts.all new plumbing and electrical fixtures, outlets and switches.Stainless appliances.roof was only 5 years old, win!

Hey Jonathan,I saw your recent posts about seeking investment opportunities in the Virginia market.In 2016, Richmond was ranked as one of America's hottest markets for investors.I'm a licesned agent and I have a team that is well experienced.If you're still interested in branching out, let me know!

The electrical came back with the need to replace the outlets near water sources with GFCIs plus the breaker panel and feed wire at a cost of around $1500.

The inspector will look for very basic items including no chipped paint, GFCI outlets on any outlets above/near water (kitchen and bathroom), etc., etc.  

entrance" to my home before applying to purchase it I was so excited I didn't pay attention to or know how to assess damages: vandals stole the all the copper wiring, bootleg window installation (there are vines growing over my bedroom curtains), bootleg hardwood floor installation, salvaged & broken bathroom fixtures installed, non working electrical outlets, GIANT RAT INFESTATION, no central air or heat, broken sinks in both bathrooms and kitchen, giant forest overgrowing in back yard, brand new hot water heater not installed properly.None of what I listed above was too much to handle but if I would have assessed it before hand I would have had it taken care of in 1 week instead of 3 months.

I am interested because I think I can increase their income because there are so many obvious things that they are not doing. e.g online marketing, a website, social media, etc. 

At the end of the day, door knocking, cold calling, talking to your sphere of influence, mailing, social media marketing, it all goes down to bringing value to people as the local expert, educating, giving them something valuable, and then asking EVERYONE this simple question: "Have you been thinking about moving?".

The project will involve laying new flooring, minor layout reconfiguration, full interior and exterior painting, a bathroom remodel and some minor electrical work (i.e. installing fans, vent hood, replacing outlets, etc).Any references are appreciated!