We really only use it as a "cheaper than credit card" bridge loan if we're low on cash.

Houses here are a lot cheaper in than in CA, or NY so the rehabs will be cheaper.

Doing that to one color and then just re caulking where the tile meets the tub would be much cheaper for you since it's a rental you are holding.

BUT it didn't deter me...... we have no $$$ of our own..... we buy/hold, my husband has a great job prospect, so I had to be patient.... as our rentals build equity, as he moved up in the world...we collect our property.some we made work...forced to rent our our primary that is in boston (cash cow now)live in flip in a new construction in military town (only one that sold quickly b/c it was neutral)commercial retail shop (complete shot in the dark, cheaper than SFR, and it was $$$ and management FREE!)

So going by simple math, cheaper house = cheaper insurance?

Thanks everyone.Let me know what you guys think of thisOption 1 - Assuming the metal boxes are not grounded back to the box, have laborers remove the baseboards (they need replaced anyway), remove one foot of plaster from the bottom up, drill holes, prep and maybe run the wire, let the electrician do the final hookups.Option 2 - Add GFCI on the ungrounded plugs (mostly in the bedrooms), which at $12 each seems a lot cheaper.

Also why is the asking price double the appraisal as well, could you mean taxable value?

If it is cheaper to demo and replace (don't forget plumbing and associated permit costs), then why not take the approach that makes you more money.One other thing with old tubs.

Anything you pull out of an IRA is taxable income upon distribution, unless it is in a Roth account.

That's pretty much $6.99 at a Costco, so I figure there has to be other places with services like this at a cheaper price.