Purchase price: $45,000 Cash invested: $100 Sale price: $65,000 We cleaned the carpets and relisted it.

New carpet and tile flooring with black marble borders and baseboards, new paint throughout, new window coverings, new light fixtures throughout, mirrored walls, new sinks and faucets, and new appliances throughout.

Granite counters, new carpet & tile flooring with black marble borders & baseboards, new paint, new window coverings, new light fixtures, mirrored walls, new sinks & faucets, and new appliances.

You should see if the seller will lower the price.....THEN when you close on it see if you can raise rents.Just because it was built in 1989 you never should "skip over" fees such asProp Mgmtvacancy  (Yes it is occupied now but it won't always be)insurancerepairscapexof course debt service (mortgage)lawncare, cleaning and maintenance (Different from repairs)trashDo your tenants pay for water and sewer? 

Am working to line up a lot of work--roofing, foundation, painting, tiling, flooring, electrical, landscaping, etc.

held it while it appreciated, then rehabbed: paint and flooring What was the outcome?

I do the flooring myself.

I replaced the hardware in shower, did touch up paint, and a deep cleaning then sold it in less than 45 days for a profit to the IRA.

cleaned and placed tenant What was the outcome?

cleaned and placed tenant What was the outcome?