That is labor and materials included minus the price of the actual fixtures.

This is actually what I got form the agent "The owner is elderly and wants to start liquidating all of her rental properties, since her husband has passed away and her daughters who are involved with the property management are no longer interested in this business.

Often people think they are getting one thing, but what they actually get is something totally different.  

Also if you run other businesses, a different structure might be more helpful.Currently, seeing that the corporate tax rate was lowered significantly, depending on how much profit you want to reinvest in the business, an actual corporation may have some benefits as well.I'll say that generally an S-Corp would be the way to go, but there may be situations that make a corporation tempting.Be sure to work with a CPA that knows your specific situation.

 Not to beat a dead horse but I’ve had some replies to my former discussion, which indicates to me that in my quest to find my first flip property, not counting the last two houses over the last 4 1/2 years that I have successfully turned over for a profit using 2 30-year conventional loans, I can actually purchase a property using my S Corp.The only problem is,  I would need to live in the property that I am fixing up, as I currently do not have a permanent home-base.

I am actually not sure if I can get a hard money without a down payment.

But I explained to him that the reality is if someone has intention to hurt you moving is not going to stop them.

I’m from Los Angeles actually.

Garbage 20$ a month- that seems cheap Closing I would imagine your going to have atleast 4 grand Be sure the rehab costs are correct by actual quotes from contractors for the scope of work involved not guessing All that being said ..This looks like a solid investment and one worth pursuing once you get your ducks in a row

But I'm actually wondering if I should just walk away.