When painting a rehab I always use neutral colors, the types you describe are fine.

Both are fine.

This might be obvious to most but its worthy of repeating...Using the 50% average approach is fine when trying to qualify deals that you potentially want to participate in, but it is not meant to replace due diligence.

I read some things on that particular "system" and the reviews werent good, but mostly for customer service issues and people not reading the fine print.

Sometimes you make $1 an hour and sometimes $10,000 an hour - that is fine as long as the deal can support it.

If your name is on the contract and/or assignment somewhere then you will be fine.

Rumor has it he was fined and is being sued for not checking aspectace.

It has a little mold in the basement, plumbing is fine and there is no water damage, but it does have termites.

But here's what I have right now....Asking price: $49,000Comps: $100-110kmonthly gross income: $1050needs new shinglesowner says the building needs "updating" (the outside looks fine to me).key points-rents are currently 20% below markettennants pay all utilities except water and sewerbuilding has electric baseboard heattennants currently have free washer/dryer use (this would change quickly if I purchased, and would provide increased income)I know the first thing I have to do is determine how much updating needs to be done.

My total repairs for the WHOLE property have been around $2,000 , the roof was fine other than the tarp they put over it ,and fixed it with a $15 bucket of roofing stuff.