When you rent individual rooms, there are unique issues to be addressed like sharing common space, cleaning, etc.

The property will cost $45k to purchase and needs about 65k-70k for the total rehab the ARV is $180,000.

New construction and total rehabs nearby are going for $200,000+.

New construction and total rehabs nearby are going for $200,000+.

If there’s a non rehabbed property that is otherwise apples for apples that sold for $93k and yours is fully rehabbed I would certainly be expecting an appraisal above that.

I realize you have the hassle of rehabbing the home and re-marketing it every time... but sometimes you just have to make lemonade out of lemons.  

I see a possible opportunity to build some equity, but this is my first rehab.

I rehabbed an old house that had a coal room lined with wooden panels.

Even if they don't know anything about rehab costs, and can't even find you the property, you would at least have the ARV part of the puzzle figure out, which is step 1.

My broker and my wife think it's much better to rehab and sell it than rehab and rent, in part because it has a pool.So now we are in the process of buying a house, to remodel and hopefully sell fast enough, and that's when I started wondering about taxes, liability and what not.