Sandwich lease options are quite risky and can easily lead to lawsuits.

Dan, I think prices vary quite a bit across the country, but here's some ballparks from my area (SC)1) Kitchens...too hard to say since there are so many degrees of finish, but expect to spend a large portion of your rehab budget here2) For a small bathroom in a typical rental, I'd say 4-6k.

Been here for quite sometime and am currently doing the standard 9-5 bit.

Hey everyone first off I just wanted to say thanks to everyone in this forum I have read alot and really learned quite a bit here.I have never done an investment deal but have wanted to for the last 10 years or so.

I can have a person kicked off of the entire Sec8 program for two years for any lease violation including suspected drug use, not paying rent, not obeying noise ordinances, etc at a property so they have quite a big interest to take care of things as they can easily lose that free money, and they definitely do not want to do that!

Like Mike said, a large percentage of lease options do not get purchased in the end.Also, you'd really want to have your option price quite a bit lower than the price you plan on selling it at.

I find RE investing fascinating, but i find being a RE agent very time consuming as I work full time elsewhere.I guess I just need justification to quit?

If the rent is $700, and the PITI is $900, you're losing quite a bit more than $200/month.

A friend of mine always told me the cheapest/best route was to do it yourself and then have a electrician certify it.The house i'm closing on next week has no interior walls ,so running the electric will be quite easy to do.

I am not a contractor myself, but as a former developer of software systems the systems of a house are quite simple by comparison.