My tenant has been living in the condo for over a year and is out of the hospital and back at the condo.The new outside fire door costs over 3000 USD.  

Because for the financial impact of a project to be less than 20k is bad once you wrap up all costs. 

The buyer wanted to double close so that was an additional cost.

It's the most important document you have as a tool to increase revenue, reduce costs and liabilities, and be able to enforce the way you do business with tenants.

The purchase price stands at $229,000 with an estimated rehabilitation cost of $50,000.

Hey Andrew,Just shot you a DM, but low-seasoning with properties below 100k is tricky.

Doing your own general construction for a rehab project can have several advantages but can be very costly attempting  without having knowledge and experience.1.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

It goes something like this.You find a commercial property for sale in a good location that’s currently vacant (so that you’re not paying for current cash flow) and that has an assumable mortgage at a relatively low rate.

My yearly cost to run my STR is $30k and I've been bringing in $100k for the last 2 years.