Clay Smith - I should mention that for now a HELOC on our primary residence + cash is our means for buying and rehabbing with cash.

@ Dee @Dee M.I went and looked at that house on Clay Street when I was looking for my first property to buy.  

It is already commercial/residential/multifamily zoned and would make a good 2 unit property or an AirBNB rental for the servants quarters.

There are monthly, quarterly and annual costs not to mention commission splits with your broker that come with being an agent so if it will pay for itself if you're doing enough volume then yes- go for it.

That could mean a "surprise" quarterly bill.

A HIGH RISING DEMAND FOR RENTALS AND INVESTOR PURCHASES IN THE HOUSING MARKET 65% of Americans owned their homes in the first quarter which is down from 65.4 the previous year.

We met in an actual Rehab House hosted by @Clay Smith.

-Tile: $7 sq. ft. installed “Terracotta Clay” or “Patina Shale”-Laminate Tile: $2 sq. ft. installed.Paint: $2 sq. ft.Lighting:-Ceiling Fans: Contractors special w/lights $52.

The reason it crossed my mind is that I'm closing on a 4plex next week that is completely occupied and the the owner's last two quarterly water bills have been $1,600!!!  

Tenants can't see past ripped up flooring, unpainted walls, missing cabinets, etc. so I've never found it worth the effort to show in this condition, but some quarter round and some tools laying around shouldn't be a big deal.