Either way, you will find that the price would be 10-15k on the very low side for just the plumbing (not the drywall repair) and probably double that or more if you use an expensive plumber. 

All signs point to a bit of a tipping point in many markets....on the bright side, that may be a sign of a buyer's market for a change 

I own a rental property on the South Side in Chicago in Cook County.

Flatwork: 3800, new front stairs and side stairs yard stairs & drainage culvertCarport/garage hybrid: 5400-8500Convert front doors to 1 door: 3000Carpentry finishes and trim: 4000Appliances: 5000So that puts us in 150-170k range on rehab.

I don't have enough capital to purchase in the areas that are hot right now.

On the other side of the coin we have been thinking of fix and flips but with no experience and a sort of apprehension to high interest loans and rehab costs, we wonder if this is even a good route for us.

On the other side we would have more that 2k of additional cash flow and can always go back and refinance our equity if an opportunity arises.

On the personal side I will weigh 210 by Dec. 31,2018 (currently 260 down from 280 at the end of May 2018) and my wife and I will welcome our second son into this world. 

My current side-side hustle, Global Artisans, employs local refugees to make bags out of recycled vinyl banners.The BP podcast has already been a trove of knowledge and motivation, but I'm glad to finally raise my hand in here and pay forward the advice and support the BP veterans so willingly give.

So the owner may end up having improper restoration work done, doesn't smoke seal necessary areas properly, then when a renovation company comes in and finishes the work, come next hot summer season, the smell of smoke comes back). - If they look like they might consider selling, you have to start looking for restoration companies that also renovate who guarantee their work so you can figure out the cost.