If you check out some engineers web sites to find their fee structure for this work it is typically called a Feasibility Study.

I have even seen a bathroom light switch IN THE SHOWER.

I was also wondering how you would structure a lease.

Our L/O agreements are really structured as an alternative to listing a property for sale while keeping it productive (getting rents.)

New windows, a fresh kitchen, and one nice bathroom are usually good bets.

This way the GC can easily bid out each part of the job, and get me a bid much more quickly than if he has to consolidate based on my "room to room" list of things to do.I'll then have my GC give me a labor bid broken down into the following components:- Permits- Demo/Dumpster- Foundation- Roof Framing- Roof Felt/Shingles- Siding- Gutters/Soffits/Fascia- Decks/Porches- Landscaping- Doors- Windows- Wall Framing/Sheetrock- Electrical Rough- Electrical Final- Plumbing Rough- Plumbing Final- HVAC Rough- HVAC Final- Kitchen Cabinets/Countertops- Bathroom Cabinets- Bathroom Fixtures- Interior Paint- Exterior Paint- Carpet- Hardwood- Tile- Vinyl- OtherOther could consist of anything from install mini-blinds to replacing outlet covers to installing appliances.This generally gives me (and the GC) enough detail that the job can be accurately estimated, and if things change (or surprises are found), we can adjust individual areas accordingly.This also gives me a good idea how much each of his subs will be making, allowing me to figure out what his profit margins will be -- giving me some negotiating help if needed.If your contractors have an issue with filling this out, try telling them, "My lender is requiring me to break it down this way in order to approve the loan."

I would be interested to hear any constructive comments.Area Location: Northeast DenverSquare Footage: 1219Bedrooms: 2 Bathrooms 3 Two Levels Style: Condo/Townhouse Financial Information:Comparables: $169.725Assessors: $189,600Bank of America $173,700Average Rental $1050ROI .14 (.65 factor used)Rehab cost maximum $30,000 (should be less)Asking $59,000$1000 Earnest MoneyI am hoping that this will be a quick wholesale deal

So the first thing you need to do is figure out how much you paid for the dwelling structure, and how much you paid for the land it sits on.Start with your appraisal.

We even had a mortgage broker around here who said he could structure mortgages around section 8 allowing more folks to buy!

I am looking at a bunch of properties to find my first rental...Looking at 3-4 bedroom, 2+ bathroom SFHs, rents in the area are about 1200-1400.I am looking a properties that range from about $70,000-90,000.