Rehab needed for rental – need to finish previous work started by owner, finish tile countertops, finish trim, install flooring in 3 bedrooms and kitchen, replace broken glass on 1 window, paint interior, install new door to closet, paint exterior, repair exterior wood rot, install new dishwasher, install new oven, install new microwave, clean/clean/clean (pets urinated throughout home).

HOA will be installing one this year.Rental Comps in my area - 1100-1400 none are inside gated communities.Rent Charge- 1250Gross Annual Revenue- 15,000Vacancy- 1,110Repairs- 1,110Gross Expense- 11,400Net Profit(Before repairs/Vacancy) - 3600In advance thanks for your help and time.Chris

It appears that water sits under the crawl pace only when it rains so we are installing a drainage system.

We didn't have the skill to install $90k worth of custom copper roofing :)

I install tile and stone.

Bob B. we installed french drains, added dirt around the foundation to push water away, added drains for gutters, and extended all downspouts away from the foundation.  

I'll be installing the dishwashers, as I've done that before, but I've never replaced windows, so that'll be done by someone else.The way I figure it, If I can keep all of these added things to under 100k, the property will easily appraise in the 130s or higher.

In fact, Lease Options are so similar to a seller held mortgage that many banks consider it as an "installment sale" and will actually let you refinance.  

If it's installed wiring, copper or equipment, its on you, not me. 

Electrical work- install about a half dozen GFCI, fix a splice that doesn't have a junction box, and correct a double tap in the breaker box.