Run the house hacking numbers.

Needs new everything floors, kitchen, bathroom, paint, roof, landscaping and also has termites and a tentant that's not currently paying rent, for a 1000 sqft property they want 160,000 for it, but my comps say for a rehabed house in similar sqft property in that zip code would sell at 220,000k and I would say it needs atleast 65,000 to 75,000k in repairs so my offer price was at 100,000 to 110,000 and the buyer will not entertain my offerI would like to offer more but if there are any surprises I'd like to be prepared for those cost during the rehab process.

Purchase price: $63,000 Cash invested: $25,000 one of 2 houses i purchased from my handyman

This prevents the foreclosure from damaging their credit for years, but also does not return equity.The homeowner may consider selling the house on the MLS or FSBO.  

I guess I would ask the question in the context of houses that are rentable without the need or even opportunity to value add. 

Connect with other investors, agents, and property managers to get a feel for the area and learn from their experiences.Are you thinking about house hacking or just straight-up rentals for now?

The key now is to take action—set a clear goal, choose a strategy (house hacking, rentals, flips, etc.), and start analyzing deals.

My dad was a contractor, so I've grown up building houses, remodeling, etc.

House clean completed 2/19/25 and will sell ASAP for $95k.

I am under contract to buy and flip a house that I am paying $615K for.