He can sit and do nothing.There is nothing in RE that you're going to think of that hasn't been thought of before, there are usually tried and proven, legal methods to accomplish a solution for just about any problem you can face, so ask instead of creating things.

If the numbers work, then step up and take it down.In this market, things are so competitive that I think you'll be hard pressed to put in super low bids.

I would just caution you not to be a pioneer on your first project - that's how it can easily become your last.The best advice I ever got (and often repeated on this board and elsewhere) was to find a partner or mentor with proven ability to teach you the ropes.

I will say, Congrats to you and your wife for taking the first steps.

In addition to the materials and labor cost for rehabbing, you add an extra step where the design has to be reviewed and approved by the historic people.

Hey Luke M.The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideSeeya around!

There are some steps you can take as a renter to decrease energy consumption such as heavy drapes, plastic seal kits you can use on windows, weather stripping.

I'm close to landing an agreement to purchase an off-market home from the owners and was hoping to get some advice on a few steps in the process.

Process: Step 1: Input massive amounts of data Step 2: Algorithms Step 3: Awesome money-making output, appropriate to your specific area, condition of your unit/property/street, how well managed/marketed the unit is..

The MLS method is talking about works great, Direct Mailers have brought me some great success, you can also go to the court house steps auctions and hand out your business cards to the guys there and let them know what you are looking for and if their investor buys one of the fixer uppers by accident because they are typically site unseen that you are more than happy to take it off there hands, this works well and is another way to out source.