With that unit filled, I should be able to cover all expenses and have about $100/mo cash flow (which will go directly into an acct to save up for any repairs down the line first; once that's built to my satisfaction, it'll go towards paying down the HELOC.)If all goes well with this unit, I hope to buy another by years end.

Originally posted by "Unibrook":On the other hand, tiling the complete floor first allows for cabinet re-placement later on.And dishwasher replacement/repair.

Anything older than 10-20 years expect to be contantly replacing/repairing.

personally, i'd start with a CASH FLOWING rental.one that needs some repairs and that you can buy below market - over 30% and is in a decent neighbhorhood.i personally don't like the idea of SFH rentals - neighbhors don't like you very much no matter how well you/your tenants keep the property.but 2, 3 or 4 unit complexes - still residential - are nice for a few different reasons but for one - they're all under one roof.

After Repair Value

Last year I found a 4 bedroom 2 bath house that needed a whole lot of repair for $18,000.

Hi All!

Any experienced rehabbers out here have a price list on rehab items they care to share?

Thank you!

Al

The things _I_ would do --new kitchen about a 9x12 rectangle) , solar heat and water, tile throughout bath repair, possibly cosmetic, and exterior paint.

Would you do the same if the buildings were needing repair?

Learn the ins and outs of a house, how to do the minor check ups and repairs and also look at a couple of tax returns with the "benefit" of deducting taxes and insurance instead of taking the standard deduction.If you have a rental it's possible to have a positive cash flow (you should never buy a rental unless it has this IMO) and still record a tax "loss".