Ft. will either be extremely high $15-$20 per sq. ft. or will not be in business for very long.Just some rough numbers for your entertainment, again base on my jurisdiction of NH.Service Upgrade $3-5KSmoke/CO $1.5-2.5KDryer Upgrade $3-500Range Upgrade $3-500each bedroom $6-900Kitchen $5-10KEach Bathroom $700-$1500Laundry $5-900This does not include HVAC, Sump Pump, garage, basement, attic.The last Victorian rewire I completed was a $28K endeavor and took 3 weeks to complete. 

Depending on the house I might tile the bathrooms or just run EVP there too.If it's a nicer A or B rental, I'd spring for granite, but I've used granite and concrete-looking Formica and it came out really well.

We are looking for a contractor who can help us with creating an apartment in the basement (does not need to be legal), and other cosmetic renovations, such as the 2 kitchens and 2 bathrooms.

The water heater needs replacement, air handler filter is close to replacement along with the condensing unit, the dishwasher is inoperable, there is water damage below the sink, and the bathroom sinks have coating deterioration.

They convinced him that the only way to repair it is to come through my ceiling in my bathroom which is drywall then concrete.

The bathroom was original but it was in perfect condition.

Assuming you are not using conventional finance, look for properties that are REO's that have the a partial remodel started i.e. the kitchen or bathrooms are gutted, etc - these can not be sold to a "conventional" buyer and are often too advanced for a casual investor - who just wants to do cosmetic rehab.Your competition will be low and the advantage is that some of the demo is pre-done for you.TTFN,Greg

The buyer has rehabed it beautifully with granite counters, wood flooring, landscaping, paint, and remodeled the bathrooms.

Hi everyone, We are currently living in Queens, NYC but are considering a move out of state (getting tired of the winters, high cost of living, need more space for our growing family).One of the things we are considering is moving to Florida with the intention of also purchasing an investment property to create some positive cash flow for our income.I was doing some research online and have found that many people recommend Lake Mary as an area that has nice neighborhoods, decently priced homes as well as investment opportunities.I found a few listings for 1 bedroom/1 bathroom condos in Lake Mary and I was crunching some numbers to see if investing in one of them would make sense.Here are the stats for one of the properties:$30K Listing Price for 1 Bedroom - 1 Bathroom CondoRegency Park at Lake MaryDown Payment: 33% ~ $10,000Mortgage: 30 year, $20,000 at 5% (estimated interest rate, correct me if I am wrong)Income:Average rents: $600-700/month (let's assume $600 for this example)Expenses:HOA fees: $150-175/month (let's assume $175 for this example)Taxes: ~$500/year, $42/month (estimate, correct me if I am wrong)Insurance: ~$500/year, $42/month (estimate, correct me if I am wrong)Vacancy: 10% of gross annual ~ $720/year (estimate, correct me if I am wrong), $60/monthMortgage Payment: $107.36/monthManagement: 10% of gross rental income, $60/monthTotal Expenses: $487/monthTotal Positive Cash Flow: $113/month Am I missing something from this calculation?

it needs to be re-painted, and the bathroom needs tile.