I heard of one cutting a hole in the living room ceiling and roof , then had a  bon fire in the living room for heat, using the kitchen cabinets for wood.

I'm also of the personal opinion that the beige paint / traditional wood-look floor color scheme is a bit dated for flips.

The Norway rats from the woods climbed up the vertical siding into the hole and gnawed their way through the wall cavity and into the attic.

Hey all,My partner and I are looking at buying our first investment property (a three-family) in Worcester and trying to estimate CapEx for repairs.The house we are leaning towards is pretty solid- we see around a 7-8% cap rate with the in-place rents and it is fully tenanted.However it needs extensive repairs on the siding around the back side of the house, as well as some general cleanup of the backyard/driveway.It’s clear the current owner has not cared to take good care of the property as there are several minor repairs needed inside the second unit in addition to a big pile of trash in the back yard, plywood in place of siding in one section of the house, and several boarded up windows and doorways that appear to be remnants of a section of the house that was removed - likely a previous back porch setup for each of the three floors.There also appears to be asbestos underneath the wood siding - I’m not sure if this indicates we might need to remove ALL the siding and asbestos and redo the entire exterior or not.I haven’t measured the exterior yet but will be doing so this week, I’m just wondering if anyone has advice on what to expect or how to ensure we don’t get screwed by contractors if we do move forward with this property.

Property in question - 2ac wooded lot, no improvements;Property intended use - mobile home rental propertyI understand the judicial redemption rights, adverse possession, and the tax payers termination of redemption rights.  

I even bought a used floor sander a few years back to refinish those old wood floors.

My biological dad left me 5 acres in deep woods of Oklahoma undeveloped.

It is a small tract of vacant, heavily wooded property.  

Vinyl wood is the most durable and easy to Reglue if it comes loose.

The home is 930 SF 850 to 900 dollars is the rental rate in the area Price low due to its a foreclosur  and a small fire in the attic that cause water damage to ceiling and  wood floor.