Just painting the interior and exterior of the house will exceed that budget.

Yes, the appraisal issue is a big question.The basic work it needs (without a formal home inspection at this point)... are the following:- Exterior - house either painted or siding- Interior - Full paint, bathrooms updated, kitchen updated (at least new countertops, appliances), kitchen/family room flooring.- The house is on pier and beam.

We were looking for a new Miami office and decided that we needed a custom office, which we owned as opposed to what was available on the rental market at the time.

It also helps us get to even more aggressive numbers as he will get our true rehab number as opposed to me going and thinking "alright, rehab will probably be somewhere like 50-60k."  

@Carmen Graves After a lot of trial and error we found that the best electricians to use are the ones that are one man bands as opposed to bigger companies.

Hand textured walls and ceilings, new kitchen and bathrooms, new windows and sliding door, tiled floors throughout the house, painted interior and exterior, replaced water heater, plumbed in a utility sink and built a large workspace in the garage, even tiled the front porch.

Hand textured walls and ceilings, new kitchen and bathrooms, new windows and sliding door, tiled floors, painted interior and exterior, replaced water heater, and more.

Ideally I would like to get something in Vista, Oceanside, or Escondido but I am not opposed to south county cities either!

Purchase price: $25,600,000 Cash invested: $1,900,000 Plan is to rebrand, landscape, exterior paint, and somewhat overhaul the exterior, renovate interior units and sell within 3-5 years after implementing our capital plan.

It's also good to consider if the state you are investing in provides protection again insurance company insolvency, to be safe, in case they go bankrupt (like AIG, for example).3) Desire to manage a fund first, as opposed to a specific deal -  perhaps not as common, but I've encountered those who are more interested in starting a fund and deploying capital when the appropriate deal is available instead of sponsoring on a "deal by deal" basis.