Rate will also prob be 4.625 or higher.I don’t know Texas so unsure if your insurance, electric, water, etc is good.

Ran new plumbing from the basement up, New electric including relocating the electric panels.

Now, that being said, for $75 I have gotten new fridges, new dish washers, electrical work that would normally be $200+, and a furnace fixed.

I have a 2 flat that only has one meter for gasn electric and water.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $201,111

Cash invested: $201,000

Sale price: $645,000

New construction with east facing beautiful colonial home...

I went straight from a Marine corps barracks to a cozy apartment which of course covers all maintenance and i only pay electric.

I didnt have the cash to buy the place - so my parents who are real estate investors bought it.The place needed a ton of work (new plumbing, new electrical, collapsed main sewer line, foundation issues, tons of cosmetic work, etc).

The deferred maintenance included exterior damage to the stucco and woodwork, plumbing and electrical systems that were substandard, and interiors that had not been updated in 25+ years.Numbers:List Price: $1,250,000Purchase Price: $1,080,000Rehab & Operating Budget: $378,000Total Project Cost: $1,458,000Total Equity Raised: $361,066Total Debt: $1,100,000 combination of purchase & construction debtPost-Rehab Sale Price: $2,127,500Immediately upon close of escrow, we set out to accomplish two things as quickly as possible and at the same time.

Let's say the house is listed for $50K and needs extensive work; big dollar problems like masonry, roof, electrical, HVAC, all having issues. 

I pay water, sewer, electrical and garbage for this building.