For the kitchen, at this point I had networked around with some other people in Real Estate and was able to find a great contractor to do the whole kitchen for $6k, (I bought the cabinets/countertops at discount, backsplash was a little pricey, but labor was about $1.5k).

There is a lot of work that I determined is not worth my time going forward (sheetrock, tile flooring, installing cabinets, most licensed trade work etc.)

in my experience, allowing pets is a non-negotiable, and major perks are biweekly housekeeping (build it into the rent), and in-unit laundry. if you choose to go RBTR, here are some tips for THAT:- designated kitchen cabinets- designated storage space in the bathroom- designated laundry days- designated space in the fridge- 'quiet hours'- overnight guest policy (none)- designated parking spots- single occupancy per room...basically all to get ahead of the quarrels between guests!

So, the other day my wife said someone brought some cabinets into the house, so I decided I would do some more deed research, I had already done some and there were no records for any of the above.

We already had one situation come up where our renter plugged the kitchen sink with the faucet running, stepped away, feel asleep, and it ended up overflowing and damaging the cabinets and the unit underneath.

-Stackable Wshr/ Dryr BONUS, Hampton Bay Cabinets, Apache Blk/Wht Porcelain bcksplsh pops Butcher Block Golden Teak Counters, LED What made you interested in investing in this type of deal?

Are your cabinets Ikea?

Some investors will use (and markets will command) 15-20 years for a roof and others get 25 (or more) years, some get 10 years out of HVAC and others get 15, 20 or even 25 years...and pay $2,500 for full replacement (inside and outside) versus twice that amount, some investors/properties/markets require structural or mechanical replacement in 20-30 years where others get way longer than that, some pay $300 to paint a full interior unit (trim and all) and others pay thousands (not cap ex but you get my point), some need to replace cabinets every 20 years, others can be painted and last twice that long (or more), some investors pay $1.00 per sqft installed for flooring and others pay 2-4x that amount...the list goes on...huge variations by asset class, market and investor.  

Current issues: - potential roof penetration-plumbing do to leaks -cabinets (there was a leak under the sink and 3 drawers aren't working, do I price for a new set of cabinets?)

It was located in a seventy year old group of neighborhoods that we believed to be at the cusp of change and within a 40 min drive from our home.Purchase price: $157kProperty Condition: The owner who lived in the property knew just enough to do a lot of shoddy work on the house himself and we figured there would be some surprises during our rehab, Three years later there is still the occasional surprise, like the upper kitchen cabinet that came crashing off the wall because it was not connected to a stud.