Get a contractor to give you an estimate to make the $15k one liveable and you'll find out if the numbers make sense.

Could use the name of a good, dependable contractor for some help preparing properties when the time comes too.

but you should speak with a contractor.

New energy effecient furnaces, rehabbed kitchens with hardwood floors, new bathrooms.100% occupancy.Gross Rents $2250PITI 69k @ 8% over 30 years is $1006NOI is $1244Expenses $1125Positive Cash Flow of $119Claims contractor says 6k to get the 5 unit going and could rent it out at $500 Would this be a winner or loser?

I find a lot of properties that need rehabbing and I have been to enough inspections, and have friends who are general contractors to get a pretty good estimate of repair costs as well.

I was worried he wasn't thinking about unexpected setbacks, dealing with contractors, and also, how to balance money vs. time.

I'm wondering do most contractors do the painting as well.

If you hire contractors, that will significantly decrease your spendable income every month.

(If they would only listen)Your contractor buys a new truck and you start rebidding his jobs.

It will take you forever if you try to find the best contractor at the best price because all you will find at the best price is the crooks and the guys that don't have a clue to what they are doing.