plumbing is probably the major issue on older buildings. 

Parking area, new Business Sign, Trees and roots around the house, Fence around the property. 10-15kInternal Repairs and Maintenance: HVAC, Plumbing, Stairs, Carpet, Walls. 10-15kUnexpected: 10kUtilities( No immediate additional expenses)Management Fees ( No immediate additional expenses)Below is the formula I'm planning to use to calculate an initial offer.

I should be able to rent out the 2nd unit for $1500/mo hopefully, after minor plumbing work.

Hi,I am looking for a general contractor to oversee renovations in a 3 bedroom 2 1/2 bath townhouse.Some of the renovations - plumbing, painting and replace carpet with laminate floors.Once  completed, the townhouse is being rented.Please contact me as soon as possible.

I prefer the properties at the higher end of the Midsouth scale and am choosy about the neighborhoods.Both companies take a process approach to the business and make effort to refine their process.Memphis Invest farms the work out to contractors that specialize in the field: electricians for electrical, HVAC for HVAC, plumbers for plumbing… etc.

Vacancy, deferred maintenance, several units that were down, major items needing replaced such as roofs, plumbing lines, windows, exterior curb appeal and even some structural issues needing to be addressed.

plumbing?

The previous owners did a poor plumbing job and it all that had to go.

If there is actually water left after the cycle, you may have a plumbing issue but doubtful.

I believe they were telling me it was a plumbing leak going into the basement from the ceiling.