Purchase price: $55,000 Cash invested: $55,000 Sale price: $174,900 EMERSON HEIGHTS FLIP -- Indianapolis, IN- Two month project- Complete renovation of whole house >New Kitchen >New bathroom (second full bathroom added on second floor) >Refinished hardwood floors throughout main floor >New carpet upstairs >Modern paint inside and outFinal picture is the newly added bathroom on the upstairs master.

I ask because up until about two years ago I owned a coin laundry (under the same LLC) in which I actively participated in (personally staffed, maintained, cleaned, collected funds, etc.), but did not draw any wages. 

Hello all and Happy New Year,My wife and I are doing our first house hack and we’re trying to do most the work ourselves but we don’t want to take any chances on the floor and cabinets.

Don't offer to take it out of his deposit because he may fail to turn the unit over in good condition and then you've lost all leverage.Pay the termination fee and sign a written agreeementAfter he vacates, inspect for cleaning and repairsApply the deposit and/or refund, as necessary

I primarily want to verify identity and criminal history.Since I can't run an application on the company, I usually charge a higher deposit of double or triple the rent or I will ask them to pay first, last, and deposit.I also try to negotiate a cleaning fee and use my professional cleaner after vacating. 

We did a total renovation - New TPO roof, New Windows, New Plumbing, New Electrical, New Base Board Heat, New Window Units, LVP flooring in the common area, Sanded and Painted Hardwood floors in the units, New Kitchens and bath for each unit.

It's the clean method, but it is also complicated and expensive.The practical method is what you had in mind: split it 3-way.

I get access to houses before making offers to wholesalers, because the ones I've dealt with will not accept an option period - the EMD is nonrefundable, with the only exception being clean title. 

Floors, vanity, toilets, appliances, etc. 

The only reason I am not pulling out of our place is that we put down 10,000 for new floors and applicances.1. wonder if anyone was ever in a similar situation and what they did or would do?