Question for discussion: If I'm interested in getting more experience on the rehab process (replacing carpets/hardwood floors/tiles, drywall, or other general kitchen/bathroom maintenance), would current investors doing a rehab be interested in having an additional helping hand for free?

Short list of rehab work: Floors (lvp & tile), paint, new siding, updated appliances, water heaters, furnaces, concrete sidewalk, interior & exterior doors, new fixtures + more.

Replaced all old carpets with wood flooring, replaced the vinyl in bathrooms with ceramic tile and updated the faucets; repainted entire unit; replace all kitchen appliances which were very old and rusted.

A hard money lender needs a LLC or something similar.Also if you are borrowing funds to repair the house they will probably want a scope of work laying out what you are going to do.

So when you're seeing some of these bargain-basement prices it's because they're literally falling apart, they have stone foundations, knob-and-tube electrical, asbestos plaster walls/floor tiles, old cast iron plumbing throughout... 

@Charles Ulrich Great job laying it out.

Nice work, did you do LPV flooring or is that wood look tile.  

I once picked up a DW with used needles, a penis pump laying around, and a sex swing in the living roomTrailer people have all the fun

Exposed hardwood flooring, added granite and tile kitchens to both units, upgraded appliances (added dishwashers), exposed brick wall in first floor unit... some sweat equity and small contractor projects.

Exposed hardwood flooring, added granite and tile kitchens to both units, upgraded appliances (added dishwashers), exposed brick wall in first floor unit... some sweat equity and small contractor projects.