I paid for remodel out of my funds and now I am close to refinancing with the bank on the property which will pay back my private lender and my rehab money put in and a little extra.

This is a short sale property and the numbers are below:List Price: $55kTaxes: ~$350/monthMedian Rent: $1400 (rentometer)HOA fee: 190/monthFrom the pictures it looks like this property is in renting condition (freshly remodeled).

It's amazing how even our "conservative" estimates change so quickly during a remodel.

Trying to live in a house and remodel at the same time has it's drawbacks.

Maintenance and Repairs - 2013 YTD = $4168 which included a bathroom remodel and new flooring in Unit # 3Property Management - still in negotiation but thoughts on a whats standard out there for mutli-units?

We also, and this may sound excessive, did a major remodel together to see how we liked working together that closely.

I looked over the pictures and the remodel looks wonderful.

I just hate the thought of you getting in over your head due to the inexperience.Better yet, do some remodeling on your own house for 1st...crawl before you walk. :)

At that point, you can put it under contract and so that contract to another investor who will buy it, which is called wholesaling.Or, you could use a private money or hard money loan to buy it and remodel it and flip it, though I don't recommend starting with that with no money.Good luck!

I was first contacted to be a contributor to this forum years ago.I'm a former building & remodeling contractor 18 years (carpenter 30+)...I've also done some home building and real estate investing.