Help see if we should go ahead with this triplex opportunity. 3bed/3 bath 1450 square feet.Currently in due diligence with asking price of $70,000 w/ estimated rehab costs of $80,000 including:-Asbestos Abatement-Paint-New Appliances for Kitchen and Showers-New Boiler/Venting system-Plumbing and Electrical -Header in the basement-New Windows-New Roof-Tree RemovalRents in this area for the single units (400 sq ft) = $700 and one larger unit (800 sq ft) = $900, total = $2300.

Flip #3 Details502 Maize Ct3 Bed/2 Bath1440 sqftPurchase Price 87kARV 150kSales Price 150kRenovations Estimate 28kActual Renovation Cost 35kOriginal Profit Target 12kProfit 7.5kCondition: Awkward shapedCrap and piss everywhere and soaked into the baseboards.Roof that looked good until pressure washedClosets arranged in a way that made the bedrooms not very functionalNo pantry and limited storageOverall decent condition considering.No enclosed fence, but had fencing on the back yard as well as on the sides from the neighbors. 

You and your new wife should move into the in-law suite for a year or so and rent out the larger portion to save more money.As for other methods other methods to get started there are loan sharks, rob a bank, sell drugs.

I have a couple of properties that were part of larger trades and their attributes are different than SFR.

We're using a renovation loan for our owner occupant home and we need a GC.

We purchased a property November 2016, thought was going to take 3 months to renovate, ended up taking a year, got rented right away and then nothing for 7 months.  

If it’s on the ceiling and in good condition, there’s no risk until you start renovating and messing with it.Of course, your city may be different, but there’s no federal disclosure laws.

Main reason being, I had planned to renovate the unit I will live in once the contract closes  and do other minor work so and that work alone will be $20-$30K. 

Main reason being, I had planned to renovate the unit I will live in once the contract closes and do other minor work so and that work alone will be $20-$30K.

I have some experience in project management for a couple of smaller retail locations (one 3,500 sq ft and one 2,100 sq ft) which were complete renovations.