ARV 110KDeal #2 SFH 1774sqft Contracted at 75k it was a rent so it needs rental fixes, new carpet new paint some minor stuff.

We just received our EIN number the other day, so it's no longer just a dream ;-)The focus of our business will be in areas that will allow me to do more than just paint and carpet.

I hired a contractor who replaced all infected sheetrock walls, cleared the mold and painted the whole area.

As to the point about C buildings taking years to lease up that doesn't happen if you buy correctly.Due diligence should be performed in the local area as to what other apartment buildings there are with the age,unit mix,rents,amenities,location,and current occupancy levels.Sellers and brokers like to paint a picture of our rents for example are 550 a month.You have to ask the question WHY.Is it because the property doesn't offer amenities?

You can buy Acetone in any hardware store next to the paint thinner.

Basic patch and paint in the basement. $20,000 was a pretty conservative estimate, only because I haven't seen it yet.

. $140 - 150K, she said its needs a full remodel: roof, kitchen, bath, floors, paint in and out, etc.

The house does need a new hot water heater, outdoor A/C unit, stove, refrigerator, carpet and paint, and some cosmetic upgrades = $3500-4000.

First off, I don't want to be a Real Estate Agent.Whatever anyone's reasons are for choosing the path they choose, I don't think beating on them in a public forum is the way to guide them.I haven't found an investor friendly Real Estate agent to work with..I'm not painting all Real Estate agents with the same brush and calling them all useless.This is a very helpful and instructive forum for new people.I find this thread turned into the exact opposite of what I've found on here and I'm just voicing my displeasure at the tone of it.

Other than that it should just be a matter of cleanout, patching walls, replacing carpet and painting.