I will need to check on electricity, etc.$50k is after the property is paid for. 

The other guy does all the electrical/plumbing - he is an old timer and moves slow but where can you find plumbing/electrical at 15/hour.The numbers tell it all - my rehab numbers are down since I made this move. 

I had gotten bit by the real estate bug about a year ago and have been researching, reading books, listening to audio books and podcasts ever since; I guess you could say I have some analysis paralysis.

Congrats on your first flip - I'm assuming you caught the Flip Bug.

If you hire an army to call for you, chances are you will land something,  but while that happens you get yelled at, demanded to be removed from your list etc. etc.What really bugs me is this.

Landlord pays water & electric.

New electric, plumbing, HVAC? 

Seems like a LOT of crap to track... windows, hot water heaters, electrical panel work, bathroom remodel, kitchen remodel, etc.

Here is what the program allows to be fixed.Roofs, gutters and downspouts (no added value)HVAC, Plumbing & Electrical ( add 50% cost to value)Disabled person’s accessibility improvements (no added value)Lead-based paint stabilization (no added value)Mold abatement/termite repairs (no added value)Asbestos removal (must be done by a licensed asbestos expert) (nominal value)Basement finishing/remodeling (non-structural only) 20% of cost to valueSeptic system/well repair (no added value)Flooring (not including subfloor which is considered structural) (50% of cost to value) Kitchen/bathroom remodels (50% of cost to value)Painting (20% of cost to value)Weatherization (no added value but new windows adds 20%)Appliance purchase and install (50% of cost to value)Landscaping (70% of cost to value if fencing or front yard)Will he have equity to refinance in six months to do this in December 2021, probably not a sustainable plan.

I'll be investing with my husband, we currently own an electrical contracting business and are branching out.I look forward to learning and eventually contributing to you all.We have our eye on our first property to build property on with an investor.