Obviously, if the plumbing and electrical has not been updated then I would expect to have to do it.

I KNOW this is almost impossible, but can anyone, in your experience, give an idea of the LEAST I should expect to pay for this work, which I would have to hire?

Follow it (intentional and planned deception to induce the lender to do something they would not approve it) and expect possible jail time if the FBI cares to chase you.

I KNOW this is almost impossible, but can anyone, in your experience, give an idea of the LEAST I should expect to pay for this work, which I would have to hire?

I do know however that most municipalities expect potential bidders to conduct their own due diligence.

Sure, you will have a steady supply of listings, but the will ask you to drop your commision up front, and if a buyer comes in lower than expected on a purhcase price, the selling agent is typically the first comm to get cut.

Our schedule for the remaining of the work is:sheetrock crew to repair and install sheetrock where needed; install all trim work and paint all interior rooms;tile bathrooms, install cabinets and new toilets and fixtures;install new kitchen cabinets;install new appliances;carpet crew to install carpet;clean yard of debris, trim shrubs and trees;paint exterior trim of house;new front door and light fixtures.Working at night after work and on weekends for our part we expect to be finished by late March.

I'll give it my best shot here:-Don't expect to buy something, turn around and rent it and collect enough cash every month to pay the mortgage.

We have been trying to market them but we have not gotten what we expected which is not much.

Once in, I expect I'll get some good connections that way.The properties I've looked at are all in the 150-250k range for asking price, most also seem to have been purchased within the last 2 years, so they often don't have much room between the mortgaged amount on the property and the asking prices (growth in the area I want to invest in is slow, but reasonably steady).