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".

After selling costs, I see you taking away: $15 to $18,000.That seems like a nice cushion, leaving you some room should your repair estimates be off.

They all needed major repairs and one needed to be moved.