This is what I found online, and it's still unclear to me:-----Paint requirements: Interior walls, ceilings and other exposed surfaces in rental units must be kept smooth, clean, free of flaking, loose or peeling paint, plaster or paper and maintained in a sanitary condition.

.* fireplace with black metal flashing/backstop* downstairs half bath with old sink/lights/weird rattan wall decor (not in the tropics!)

If on the other hand you have to retain a lot of soil, or use caissons, it could be spendy.

I put roughly 13k into it removing wall paper, wood paneling, replacing a drop ceiling in the kitchen with a dry wall ceiling, refinishing hardwoods, adding lighting, and updating some plumbing.$1100 in rent for a 60k property might sound great, but property taxes on the house are roughly $300/month, so its not as lucrative as it might sound, plus the 13k rehab out of pocket is more than my down payment so it cuts my ROI in half.

You also need to have some reserve in your budget for unforeseen expenses because walls and floors can hide a lot of expenses.

The pictures of it clean and the cleaner's invoice will also help you next tenant if you run into the same issue, retain some cleaning fee, and they decide to contest it stating the unit was dirty and not professionally cleaned when they moved in.

Inside the garage we need to fire rate the middle party wall, which consists basically of insulating the stud spaces and hanging type x drywall on either side.

That allows you to grow the IRA and generate tax savings.If you do not have any IRA savings at the current time, then setting up a plan with a generic Wall St firm will be your best option until you squirrel enough away to start thinking about investing in real estate.It is a long term strategy, but one that will reward you well.

Someone finally bought it and they have a whole crew over there this week, gutting the whole house and even taking off the outside walls to put on a new roof and rehab it from the frames up.

However, RE in Bham retains its value over time and typically produces modest appreciation.