J Scott - Not a huge demand but with bank loans still in limited supply there is certainly a demand.

Do this on your own and than you can see the source of the leak and determine if you want to take a crack at it yourself.If it is only leaking when shower is on, it is more likely it is in the drain piping and not the supply but not necessarily.DO you have PVC?

Lets look back to the gold standard where currency was based upon a counties gold supply.

Supply and Demand!

I like the idea of supplying rehabs to sell to landlords who don't want to be too hands on, as you said they probably won't have to fix very much.

I know, lots of variables.

I got a discounted "contractors" price of $2431 from ABC Supply.

Explain all the other variables and that it's because you're new (nothing wrong with that as long as you're analytical) you want to stay safe and conservative in all your estimates and are uncomfortable operating on razor-thin margins - all these things justify your offer.If you think of yourself as someone unwilling to compromise your integrity or business model, there won't be any hard personal feelings whichever way this deal goes.

So enough negative thinking, I'm going to borrow from his endless supply of, "It will work damnit!"

Operating expenses include taxes, insurance, management, maintenance, vacancy allowance, entity maintenance, legal fees, evictions, court costs, advertising expenses, lawsuits, office supplies, damage done by the tenants (above the deposit) and capital expenses (which are included in the 45% to 50% number but are not technically operating expenses) etc, etc, etc (all the things that happen in the real world).Mike