Tenants pay electric / gas / water. these percentages were from the numbers i inputted in the software.

The pros: - not having to do a major renovation from out of state- easier to get a conventional loan since the house is livable vs. a distressed property (would need to pay cash, do a hard money loan, some other type of financing)- can get a tenant in quicklyThe cons: - you don't know how good the renovation is, could be cosmetic without addressing underlying safety issues (plumbing, electrical, foundation, etc). - a home can pass an inspection but once someone is living in it and putting daily stress on the house (turning faucets on, light switches, turning on heat/AC etc), things can start to malfunction.

You can purchase your own ozone machine or pay someone who does this for a living.

But when I add in the cost of paying on the HELOC as well, it gets even farther from penciling.

hello group, I am actually a contractor in dallas/fort worth area and help commercial clients in the insurance restoration industry, we pretty much make there insurance companies pay for new roofing, siding, etc whatever applies. 

Get their feedback before making offers. 3) Pay an experienced investor to do a video tour of the property and neighborhood - someone who is unbiased (not on your agent's team).

At the end of the day it's not about what you want, it's about what someone will pay for it. 

I am able to pay back the hard money loan and pay my contractors. and then rent out the home?

Many times the owners can not be found or if they are they want nothing to do with it and in a lot of cases if found, I pay them for a quit claim.

They also wanted top dollar and have no pay histories, vacant abandoned properties….