You mentioned thinking that the rooms would rent for about 500-800 per month; although I think you're in the right ballpark, you might want to be a bit more conservative given that the house has an older interior, and therefore will require discounted rent compared to a place with a brand new interior.

Best thing to do is just bid and win at auction, but remember courthouse steps are no interior access so unless you've done it before, you have no idea what you are getting into and also all of the liens are not always disclosed.

We collected a very large deposit at move in that we will likely keep and now we will be able to update the floors and paint the interior at the start of peak rental reason, rather than the end of it.

Hi Ben,A brewery huh...You probably have something else in mind. but when you say Fort Collins BreweryI envision a Brewery/public bar with the bar having 12 foot high ceiling to floor windows on one side (on the side of a mountain) with a long expansive unobstructed view of the lower lands below.With a 40 foot deep deck on piles with chairs and tables outside in front of the large windows.And inside chairs and tables plus 6 premium raised up horseshoe booths that go for $20 extra just to sit there and enjoy the view--and buy alcohol and food.The bar serves high quality skin on hot dogs, fries cooked in beef tallow, pizza with  ton of cheese on it, high quality fried cheese sticks, and hot wings.The interior color scheme is dark brown wood and burgundy Naugahyde with nail trim.With some salt blocks put out to attract Elk to the area.There is a large steel building on the property with it's own parking lot for rental for wedding receptions, which includes a bar (due to the liquor licence)It also has a nice view and flowery repose area for wedding pics with the beautiful view as a background.Customer base not aimed at the College level (animal House crowd), but a nice place, a destination, that if someone is going to visit Ft.Collins--this is "THE" place to visit (and spend money at).But with Covid...public gathering places...hmmmm .... hmmmmm(???)

Purchase price: $139,000 Cash invested: $35,000 Sale price: $200,000 This was a wholesale deal I flipped in North Houston on my own, I added new LVP flooring, knocked out a wall to make the kitchen living room flow better, repainted the interior and exterior fixed a broken water pipe over the kitchen, drywalled the entire kitchen new cabinets, granite countertops, new appliances, fixed some electrical work, fixed parts of the roof, and windows.

I have a degree in Interior Design, so of course I want the best looking properties- but I've realized that I'm going to have start low and not so pretty, and work my way up.

Redid the entire interior of the house.

Gut and replace interior finishes in front unit.

Thanks Mat, I was called out on interior and exterior.

You need a licensed plumber to come out, and you will have to do all of the interior gas piping yourself with the plumber.