Can you please share with me your contracts that specify general terms between an owner and contractor who is completing some remodel work?

So I went after a cheaper home and ended up getting a great deal on a serious fixer upper and put 15% down, then did a remodel.

Im a professional remodeler and know all the trades and do high end work.

It was a pretty full rehab, remove popcorn ceiling, new floors, completely remodel kitchen, remodel both bathrooms, scrape all the walls because we couldn't just paint over, take out partial wall from dining to kitchen.

I would love to tell you more about it as it has quite a story and it was a pretty major remodel but it is an amazing place and so far a great vacation rental although this is not my sole focus as it relates to real estate investing.

The damage was old - probably from 1987 when the last fire department response was recorded and the vintage of the interior remodeling and system upgrades (plumbing and electric).

They can typically use existing ductwork, just make sure that you have adequate air returns (often an issue remodeling older places).

We took a year to remodel it little by little and then put it on the market to sell.

I have built and remodel homes, office building, restaurants, industrial plants, etc.Current day job - working for developer/construction company that builds high quality apartment complexes.

Look at some comps in the neighborhood, both 4/1.5 and 3/2.5, and try to determine if the added value will surpass the remodeling costs.Personally, I would prefer the 3/2.5, but it's your buyers/renters that matter :)