I've put in a new hot water heater (about $2k) and put about $10k into fencing/major landscaping (bringing in equipment, etc).

How inefficient are the shower heads, sinks, landscaping, etc. 

It is good to use this site walk not only to better understand the current state of the property and to develop a business plan going forward, but it can also be used as an interview for both the Property Manager and the General Contractor who might be walking with you.Here are some things that I noticed on my last site walk...If the PM you are walking with is the current on site manager, see how tenants treat that individual and how the PM treats Notice how the trash, landscaping and general maintenance around the property is being handled.When you walk into different tenant's units, the tenants will often verbalize their complaints, usually exaggerating a bit, but still very good feedback and can be used to understand the quality of the current operations.

I hire a landscaper to mow the lawn every week.Is an invoice the determining factor?

) $1,000 10 $100 $8.33 Landscaping $1,000 10 $100 $8.33 TOTAL $54,300 - $2,963 $246.94 Basically I assumed 3x water heater, 3x appliances, 3x HVAC, 2x cabinets/counters, all else the same.

This may include landscaping equipment you keep at the property, kitchen appliances, washer/dryers, and other furniture you purchased and store at the property.3.Loss of Rents Coverage - To reimburse the owner for rental income lost if the rental dwelling is damaged by a covered loss and cannot be rented.

. - I was not able to see the condition of the roof or landscaping do to a recent snow storm.

If the property you have found is already on the MLS then I would pretty much guarantee it is not good enough a deal.Example:Rehabbed ARV: 100,000Admin Cost: 15,000Rehab Cost: 15,000  (Just updating everything)Profit: 15,000Purchase: 55,000Instead:Purchase: 55,000Rehab Cost: 1000 (Some clean up and landscaping)Admin Cost: 15,0000Profit: 15,000Sell for: $81,000 to someone that wants to put "sweat equity" into it and make same profit. 

Value was added through basement repairs, refinished flooring, a new roof, cleaner landscaping and fencing, as well as other minor cosmetic issues.

His brokerage is actually based up north, but their third largest state is Florida and Anthony is moving to Florida in the coming months to manage a bit of an expansion for the brokerage.