All new windows, plumbing, electrical, roof, water heater, etc.A turn key operators definition of "fully rehabbed" or "newly renovated" tends to be slap some cheap carpet and paint and update a few fixtures and one mechanical item.

I hope to find my first flip before looking at 100 houses, but I'm glad that I've finally taken at least some action and am viewing properties (I tend to get stuck in analysis paralysis).What I've learned so far:1.

Also your horizontal ones have a lot of space on both sides and people tend to try to smack them off.

The BWI is a pretty large informative group and the one a Spirits West is a small nuts and bolts group of landlords.

Two friends of mine used the rehab product NAACA offers to get their 4-unit properties, the rates were a little lower (NACCA rates tend to be lower then the prime rate, but you have to take classes). 

From past trips I've tended to like to spend 3-4 days per city, so in addition to LA could visit at least 2 more cities easily...

Anyway, to prove my point that Paul Farrell is likely a nut job, here are a few of his articles over the past few years "predicting" the upcoming crash:1.

It is the gold standard for cost estimation from my observations.I tend to think about these costs within the framework of the Fannie/Freddie UAD standard used by appraisers to determine construction quality and fair market value.

One key point to consider is that property management fees tend to run near 50% in these resort areas.  

so i just lost another contractor. as someone on here stated a few weeks ago, they are like a loaf of bread. they all have a shelf life. i tend to work with lots of insured, unlicensed contractors that of course can not comprehend that sticking with me would prevent them from having to bid future jobs.is being too nice a bad thing?