For example, the expensive mable counter tops in the kitchen and bath, the decortive water fountain in the front yard, the new wet bar in the living room, etc.

Those fees can range from as low as 5% or so, to upwards of 20%.

We have 32 acres of land 50 miles south of Chicago, that is zoned for single family use.Development Plans for 1/2 of it have already been drawn and approved and we can start sewer water and streets at any time for the first 40 lots.What can we do to make these homes available to families with lower median incomes without us losing money on the project?

It has a relatively new water heater.

Without water you will be in real trouble.So a street or dirt road onto or through the land will help to get the drill rig there.

I live in falling waters wv (near hagerstown MD). i have started to invest in homes 140 miles away.

The had wet towels covering the bathroom floors * Mold in the bathroom because of the leak * Sewage water that came up into the house and left behind wet carpet * Many things that were supposively done where not done right.

Here is my checklist when I go through a house:[list][size=18]LOCATION[/size][size=18]Exterior[/size]RoofChimneyGutters/Sofitts/DownsPaint/SidingElectric Service Drop (older homes with above ground wires)Exterior Doors/JamsPorch/DeckTermite Danger (ground is near wood)Land Grading (for water runoff)Central A/C UnitCement/AsphaltRetaining WallsGarageLandscapingTrash CleanupOther[size=18]Interior[/size]WindowsInterior DoorsStrip Wallpaper?

hmm... a few useful bits of info from what I've learned so far without copying the entire fix and flip page from my website:An ideal place to start looking might be in neighborhoods that are in the 25-35 year old range; basically where houses are outdated but still hopefully in good structural condition.With this kind of unit, you can focus on some of the more basic, value-added repairs such as paint, flooring, landscaping, and other basic finishing touches.

Investing is a profession and doing it right takes a certain level of effort.Of course, the flip side is that without direct MLS data...the full data and not the watered down version off Realtor.com...it's harder to find your deals or do any sort of statistical research without paying an arm and a leg for the primary data.