Costs before that (during remodeling) are added to the basis.2.

I used $80k to pay off personal debts and $50k to remodel it by myself with my two hands.

Added capital and acted s general contractor for compete gut remodel What was the outcome?

Looking to remove knee wall and carpet from staircase and add stained treads, handrail, balusters, etc. 

I'm a pretty handy guy but this would be outside of my realm, but my experience helps me understand how much this type of improvement should cost.Improvements: remodel kitchen and bathroom, paint interior, fix exterior scafolding.How should I go about finding a contractor?

I specialize in kitchens and bathroom remodeling, and have a custom cabinet shop.

The new home needs remodeled for about 150K.

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

Hi Steven,It sounds like you and your wife, Renee, have a wealth of experience in the real estate and construction fields, which is a great foundation for starting your real estate investing business.Given your background in residential remodeling and home inspections, and Renee's experience as a real estate agent, you're off to a strong start.

Hello Baron, Congrats on your remodel.