My $7,000 Rental Rehab

[Marisa R.]

Hi Everyone

This is my $7000 rehab, I call it my rental rehab not retail rehab where perhaps a higher standard is required when selling.

This home is around 1450 sq ft. 

I purchased this for $36,000 and rent is around $950-1000 pm

[Michael Cross]

Marisa,

Thats practically the 3% rule, well done. Is that property in Atlanta or Detroit? How extensive was the rehab - it seems you refinished the floors, what else did you have to do in that $7,000?