The attractively low price, oversized lot, and tons of concrete improvements made this acquisition a no brainer.

Want to finish the outside concrete patio as one last large project and be done with improvements.Hindsight:  Should have went with a 3-4 unit place but just glad to get started. 

I can't tell where the outlets are but from all of the concrete I'd assume it isn't wired to code for a living space.

For a 2/1, I received these quotes with permits 14k electric,  8k furnace/duct, 2k central air, 2.5k floors sanding/ synteko, 10k bath,  12k kitchen, $30/$50 sheet of drywall,  3k paint,  roof was about 7k, demo 3k, concrete demo/new $12 s/f, windows $250/$400 depends on brand, then GC fees,  etc. 

You should push forward on the late rent, that's concrete, easy to prove. 

New construction I know some people who have made a killing buying and selling the property before the concrete even hits the ground, more speculative investing obviously. 

Hose bib looseInstall concrete pad at rear service doorIf you made it this far, thanks so much for reading!

He is the person we learned how to do our lease options with and we use his forms which were created by his team of lawyers to be Dodd-Frank compliant.

if you are a beginning rehabber, this is a deal i would avoid, (unless you have experiences in other related areas or have researched this extensively or have asked experts i.e. structural engineers for their input), as 1) you don't know the prices your contractors would charge2) the estimated rehab costs are lumped under general categories (i.e. concrete, plumbing, electrical), but do you know which specifically/exactly you need to fix?

Remember, if the LO isn't fully compliant with law, the tenant gets to sue for every single dollar paid under the LO back, plus treble any other economic damages, plus mandatory attorney's fees.