I'm a home improvements contractor that specializes in kitchen and bathroom remodeling.

It has no furnace, it has no kitchen, only two windows, less than 300 sf so little paint and flooring expense.  

When I first saw the kitchen area, I thought only the garbage disposal needed to be replaced.  

. -14 Units (13 1 BDR/1 2BDR), Desirable Location-Avg 1 BDR Rent: $700/ 2 BDR: $100 (right around the median for the area)-Built 1951-Interior gutted last year: new kitchens, carpets, toilets, paint etc.

The project scope included: Upstairs, a gut remodel of the kitchen, including adding a dishwasher, and opening up a wall to make an open living room/kitchen, updating the bathroom, adding a washer/dryer hook-up, and new paint/carpet.

At age 20 I remember standing in my friends fathers kitchen telling him that if we could put together $800,000 to purchase rental properties in Phoenix, we would be able to purchase and renovate 15 properties, cashflow roughly $130,000 per year in gross rents and in 3-4 years we would likely double the initial investment.

One time the kitchen, another time the bathroom, etc.

Hello everyone.My name is Mark Colburn and i'm a new member to BP.I bought my first property in Nov of 2011 and it was a multifamily side-by-side duplex.It was a bank owned property that we did an extensive renovation to including two new kitchens, two new bathrooms, new flooring, new paint, new water heaters, new vented bathrooms, tons of repairs to walls (was prior section 8) etc.All in all I spent about one year and $35K on the renovation.

Hi Steve, I have discovered that the founder of my local REI is also a long time real estate agent that also does whlolesaling.

He didn't remodel, mostly have the 1983 kitchen, and old appliances.