That's not real expensive and I've done some of them myself.I've seen older places that the service panel was sufficient but it's probably not, probably from $900-$2K to fix that.Older houses don't have nearly enough outlets per foot of wall space, again it's not difficult but if the electrian is there he can do those too.

He was finding it difficult to find homes that would generate cash flow in that area (as you are) so he decided to build.

Hi I am a Mortgage Specialist and this is the only loan I have ever came across that is sticking it to me...I can't find someone to finance this deal and I know it's going to be hard but I don't want to give up.SFR-Refinance Cash-Out in NJ513 Mid1x120 MortgageStatedAppraised value=$520,000Current Balance=$405,000Needs $20,000 CashPlus must pay off current lates= around $16,000Basically with all fees and cash and paying off current late payments new loan amount needs to be $447,000 and that works out to around 87% LTV can anyone do this???

I balance this out with my personal coaching on getting their credit in shape.

Is it difficult for contractors to get a good list of references, or do most of them not plan to be around in 5 years?

There is always a price point where supply and demand will balance each other out.

The difference is that you have an understanding of the operating expenses and they don't.It is difficult to find rentals that will cash flow in almost every market.

there's a balancing act involved.

Not sharing wet walls, electrical spines, etc make it more difficult.

I know that the mortgage balance is 50k.