Q2) In the fact sheet given by the seller they listed the property as having a 17% ROI and the estimated rehab cost is $100,000 (this is from the seller's contractor).

Shahriar Kiamanesh I think flipping condos are a little more risky then single family homes due to the reasons you mentioned such as HOA carrying costs and possibly working with contractors that the complex approves only.

I would of course have my own contractor and inspector go through.9.

Thanks, WendellJon- A contractor provided me estimate but I am thinking about requesting a second opinion.

Find out which contractors are doing the work

We are gathering a list of contractors and skilled laborers to use.We made our first offer on a rental property on Monday and negotiations seem to be going well.

as a sub contractor on a very large multifamily project in the Burbank area.

Erin,Your local investor associations generally have a list of different contractors for investors to use.Companies that cater to investors understand you are searching for 2 things.

Buyers want low prices where contractors want high prices.

I would have to speak with the contractor (check references and license) who will be doing the install to ensure that it will be installed properly as well as check into local laws regarding the upgrade, does it automatically become part of the property or when the tenant leaves will they want to remove the granite countertops because they paid for it.