may need to update1st Floor Front Door needs replacement Kitchen Tile Flooring Appliances new Sink, cabinets etc Recessed lights Bathroom Update flooring, vanity, toilet Fix ceiling in family room Flooring in family room (engineered hardwood flooring) New electrical panel (200A) New back door to kitchenOutside Roof has shingles missing from the weater either replace or repair.

I was recently doing some research on possible buy and hold opportunities in NY but as you may know New York price points are through the roof.

there is a realtor in my town that has a house that she will rent to owner to me but the house need a roof,electrical,drywall plumbing, painting, new kitchen sink & windows. the asking price is $15 thousand also she want $500 down an $200 a month. all this work I can do myself I am estimating that the material might cost about $5,000 to $7,000.

Along with reading through the forums, they're really helping with my understanding of this business.The people here have a tone of knowledge to dish out; utilize and take action steps! 

New electric and plumbing, walls, floor, kitchen, roof, siding, etc.

If you do not, the property may be damaged more, say like a roof problem.  

-Roof - roof has a leak -Tons of water damage - mold is horrible in the basement- Walls are all beat up with holes everywhere( looks like their was a royal rumble in the house) - Kitchen ceiling is cut open- bathroom shower wall is ripped open and ceiling of shower is cracking- windows are leaking - kitchen floor is buckled up from water damage- Both upper and lower deck are in horrible condition( i was honestly afraid to walk on it) - Outside molding around windows is cracked and damaged- all outside lights are broken- carpets every single one is ruined- Bathroom sink is shot- Kitchen cabinets all have water damage- And again ill say their is a big mold problem so i have no idea how much that will cost.The condo has 6 rooms , 2 bed rooms , 2 full baths , 1 half bath 1280 sq ft.

Now, if there is a wall falling off or a roof caving in, that's another story as those should have been obvious to the seller/rehabbers.

The roof looks good, and hubby will do the windows.  

My brother-in-law is buying a house in San Jose, his first, and it needs a new roof.