I have no history of rehab projects but I am employed as a project engineer at an electrical utility so planning and managing large projects is what I do day in and day out.

I don't even pay for basic inspections, we just make sure there is nothing obvious wrong with a unit (no leaking water, electrical is not knob and tube, etc).

FYI: My realtor drives VW bug :)

After finding wholesaling wasn't as easy and free as the gurus claim it is I'm not big on the wholesaling bug.

Same seller for both properties4 PlexPrice: $130KThree 2 bdrm 1bth units, One 1 bdrm 1bth unit3 occupied, 1 vacant - (2 bdrm unit vacant)rents are $550, 750, & 750 - potential rent of vacant unit is $850 - 950/moGas and Electric are included in rent priceUtilities are budgeted with clauses in contacts that over a certain usage extra utilities go on the rentBudgeted Gas & Electric are $130/mo/unit for both utilitiesTaxes: $3462/yrInsurance: $600 - assumed to be going up after appraisalWater/Sewer/Trash: $137/moSteel roof just installed last year, siding have done on property, vacant unit has never been rented since renovation - completely new kitchen with new appliances along with an overhaul of the living room, bedrooms, and bath w/washer & dryer hook ups.30yr fixed loan @ $566/mo pymtDuplexPrice: $64900Two 3 bdrm 1 bth units - small bdrmsRents: $750/unit - both occupiedGas & Electric included in rent - same clause in contract as above - $135/moWater/Sewer/Trash: $78Taxes: $970/yrInsurance: $40030 yr fixed loan @ $283/moI think I can Net Cash flow this place around $200/unit/mo after I've set aside funds for maintenance and replacement reserves at around $300/mo total for both locations.

If that REI bug bites you :)3) On this one I would ask the banker.

Maybe I should just bug @Brandon Turner about how his is going...

The fact that each unit pays its own electricity.

Before you spend hundreds, I would buy some food grade diatomaceous earth and apply it to the entire unit - bed frames, mattresses, furniture, floors, electrical outlets, and anywhere else the bed bugs will nest (need to reapply for a few weeks).

The man next door is also the person who is supplying this shed with electricity via an extension cord.So now here I sit waiting for my court date for an ejectment since we were never in a landlord/tenant situation.