Money is just one aspect of a new business.

Purchase price: $33,000 Cash invested: $20,000 Sale price: $80,000 2 bedroom, 2 bath, light renovation with new roof and HVAC system.

Mine has roof, floors, hvac, appliances, hot water heater, bath and kitchen remodel, etc.

Worked on it for what felt like every day. completely gutted every room and replaced all major appliances and even replaced roofs, siding, windows, well, well pump, doors, etc.

My biggest weakness as An investor is most definitely in the tax/legal aspect, and I believe while being overseas an online entity could increase the possibility of further developing my knowledge on the topic through FaceTime/Skype style interactions.

Hi Melissa,BothAJ Kerekes for roofing - Lindsay&Lot74 for property management - TracyHave been a big help to me!

Originally posted by @Jay Hinrichs:Originally posted by @Scott Mac:It's not my business model, but having anyone live outdoors like an animal in the USA when they hand out Section-8 to illegals upon arrival is a hard pill to swallow.They need to sort the homeless into short term vs. forever types.Steer the help to the short-term helpable when they need it, and publicly house the "more eccentric" types out in the county away from civilization.Maybe have a poor farm where they can plant gardens to feed themselves if they are able...something to keep them busy.It would give all of them someplace to live indoors at least.This street begging/tents on sidewalks thing is Un-American.Just my 2 centsdo you recall the CC camps during the depression this is what your saying and what we need.Not work camps (they had those in WWI Europe and it wasn't a very good thing).Just build something like 1 story 300 sq ft rowhouses.Bed, bath, kitchenet rooms out of concrete like a tilt-up, each with their own door outside.Row after row, and blacktop between the rows.Let them laze around all day--a leopard isn't going to change his spots, but we can change the spot the leopard lays in from city sidewalks to out in the country with a chow hall and roof over their head.Using judicial order, like when someone is ordered into a prison or a mental institution.Then if they want to come to the city, let them apply to an onsite judge.

Is it a cosmetic renovation or a full renovation including roof , electrical, plumbing HVAC and foundation if needed.

Is there a floor and roof above?

A simple method is to account for the roof, hvac, and hot water tank.