Hey you guys I’m in the Dallas Tx area and My realtor sent me a property valued at 90K on MLS, I checked for the surrounding area and all the properties around a valued at 140k+ , the house will need definite remodel inside to make it more appealing for a potential rental or even a flip.

I'd like to hear more about what type of property and how extensive a remodel you are planning on doing on each property.

You will need to make the entire property ADA compliant to get wheelchairs up stairs, to get wheelchairs through every doorway inside the house and you need bathrooms large enough so wheelchairs can get to the toilets and sinks..You need shower stalls large enough you can roll a wheelchair inside. 

Repair Estimation/Budgeting - Ability to create detailed Scopes of Work & repair costs budgetsBudget Tracking - Ability to track your actual expenses against your initial budgetScheduling - Ability to create a project plan & track project progressChecklists/To Dos - Ability to track daily to-dos and checklists of items that need to be completedCalendars - Ideally all of your Schedules & To-Dos feed into a Calendar that you can use to manage all of your projects in one location.Document Management - Place to store project documents and photosHere are some Project Management tools that you might consider:Trello/Zoho Projects/Basecamp  - General project management software that includes tasks, Gantt scheduling, calendars, project forums, document storage & team collaboration toolsBuilderTrend / Co-Construct - These tools are built specifically for custom homebuilders/remodelers and have a lot of functionality. 

And putting all the money together and remodeled the lot and adding another bedroom and garage and sell the property triple to make profits?

I'm having a hard time with the construction cost estimate portion of the calculators though, as I have no idea how much it costs to remodel things.

I say I have passive income in quotes because I still have oversight of employees, making bigger decisions on remodels, tenant turnover, etc. plus oversight of accounting.In my mind, truly passive means I have to do absolutely nothing and see the income rolling in.

I do have some experience in remodeling so fixing and flipping is also attractive to me.

We have remodeled a variety of other properties and done some flips as well.Our current lifestyle leaves us more available than ever to throw ourselves into opportunities.  

So they set all of the gold cars they saw in the parking lot on fire.No caption necessary for this toilet from hell.This is what a kitchen can look like when a low income tenant moves out of it.This is what a backyard can look like when a low income tenant moves out of it.If tenants in these tough neighborhoods don't have yards, don't worry they will light off their fourth of July fireworks in their bathrooms.Don't worry though.