Though there's a tenant in the 2nd floor apartment, it's all under the table, so there's no paper trail to show a bank.

They fumigated, ripped up & replaced flooring, repainted walls, ceilings trim and doors and replaced doors, Got the bad tenants out and much more.

We previously installed ceramic tile floors in kitchens and baths. 

. ** NOTE unless you have an earthquake the septic tank is self should last until the end of time it's just a big tank made of concrete. 

@Noah ChappellWhat are your thought on purchase a plot to build a 3 floor family townhouse which can be rented to 3 family?

I estimated the insurance because I don’t have any concrete numbers to use yet.Also, the rent of $900/mo for each unit is low compared to rentometer.

Almost concrete numbers, and a rough variable on what the price could be.

I was hoping to get some professional opinions on the following renovations: Staircase (3 apartments), kitchen cabinets, floor, boilers, a single siding beam that is completely misplaced. ( New Heven, CT)

The foreclosed "as is" house we made an offer on was appraised at C4 and the lenders declined the conventional loan due to condition of property: floors are sloped, hole in foundation, plumbing running through heat duct.

We are now one week into the rehab as I type this.Current BRRR Numbers:Pre-closing Costs: $2,740Plumbing inspection (because the house needed to be dewinterized, $150)Home inspection ($525)Appraisal ($655)Electrical inspection (because power was off on the day of the appraisal, $150)CO and Smoke Alarm ($366.57)CO and Smoke inspection ($52.50)Rehab consultant ($840)Kitchen Appliances: $2,000 (estimated)Plumbing: $7,300 (estimated)Oil tank ($1,800)Water heater ($1,000)Chimney liner ($2,000)Re-piping as needed ($2,500)General Contractor: $32,000Roof replacementDrywall patching and painting of entire house (trim, wall, ceilings)2nd floor bathroom spruce-upClosing exterior door in master bedroom and finish sidingBuilding two closets in two bedroomsBroken window repairsWindow frame repairsScrape and paint area over bulkheadFinish floorsRemove and dispose drywall from basement spacesRear deck repairFront steps repairInstall handrail to basementFoundation masonry repair and paintingRepair cement stepPatch area of exterior trim near kitchenPatch two rotted window sillsCap extra basement doorFill in dining room windowAsbestos: $1,500Electrical: $2,000 (estimated)Closing Costs: $3,733Home Purchase Price: $149,000Total All In: $200,472Expected ARV = $250,000 (initial appraisal for rehab loan came in at $235,000)Amount I have invested in the deal = $50,000Expected Cash Out at 80% = $50,000The situation is still very fluid, as we still have at least three more weeks of the rehab in front of us, but the numbers thus far are still looking promising, despite all of the surprises.