Dave you need to make a list for plumbing - bathrooms and fixtures in them, kitchens (ditto), laundry, hose bibs, list all the plubing you want to see done. for electrical work - same thing make a list.

I cleaned it up and sold it for $85,000 to a guy who added another bathroom and some paint and got it appraised for $120,000.

You do not need one in the kitchen or bathroom.

I have visted the house and it has a newer furance, electrical box, water heater, the only thing I am concered about is the roof, and the fact it only has one bathroom that is only a couple of square feet of being a half bath.

Don,I had a neighbor next to one of my rehabs that decided to walk away from their home sell me a bathroom vanity, mirror and lights for $30.

NO stove or bathroom sink.

All kitchens and bathrooms are along the back wall...from that point the plumbing is shared down the center of the building.No stairs.

FMR (fair market rent) $1000-$1200 (I will use 1k)50% rent- $500Subtract 100$ for monthly cash flow = $400 max monthly payment60K 7% 30years= $399.18/monthEstimate of INITIAL rehab:4500 furnace1500 chimney lined500 flooring (kitchen and bath)3000 bathroom repair1000 kitchen repair (cabinets repair and counter)500 interior paint300 interior wall 60,000-11,300 Total =MAO 48,700

You could also use vanity number services like 800SELLNOW or some other lead generation system that doesn't cost much.

(buy it, rehab it, add a bathroom to each bedroom)...We have been considering this for a couple of years and wondering if it would be in our best interest since the school would be 3.5 hours away from here.