carpet is always great for noise between apartments, too. 

If you have a bunch of invoices/receipts for one-time repairs (hot water heater is one time, cleaning a carpet is not) that line up with what you wrote off for "repairs," provide that as well, and in the future see if you can "depreciate" stuff instead of "repair" stuff.

I don't go for percentage, but if it's a simple flip (paint carpet countertops) I shoot for $15k. exterior work, damage repair etc I want $20-25k.

They might or might not have formal education, but they will have the practical experience in your area that will be invaluable. they know the local contractors, sources for carpet, etc. one more thing, I decided I liked the look of one of the investors interviewed on BP, so I followed him into his online class.

Seller is behind $12,400Balance Owed is $178,000ARV is $240,000Cosmetic Rehab $5500 (Paint/Carpet) Build in 2012

Cosmetic upgrade, including paint, flooring (3mm Vinyl Plank and carpet), updated bathrooms, painted kitchen cabinets and added Butcher Block countertops. 1 week on market and accepted a Full Price cash offer.Link to listing: www.PaulLeason.com/19001323 What made you interested in investing in this type of deal?

Do not be judgmental, dont tell him he is disgusting, but talk about makeing sure carpets are cleaned etc.Also, MAKE SURE you learn your state rules. 

Fixing up the interior should be around $5K to $7K for carpet and paint, and cleaning. 

I do have some questions about it but I'll cover those elsewhere; I don't want to clutter up this post with that.Am I correct in understanding that if I decide that a house needs, say, paint inside & out, carpets, a new dishwasher and over-the-range microwave, a runny faucet fixed, and moderate landscaping work, I can't do any of that myself, and also can't hire contractors to do it, but must  hire a General Contractor to manage all the work?

When we found this deal, there was apparant damage to the carpets in the basement from pet waste, which I immediately thought was an excellent opportunity to get into this house as I was willing to spend some time and money rehabing, where most homebuyers wouldn't be.