All Forum Posts by: Jeremy Jackson

Welcome!  I agree w/ Jason James.  You have a buyers list, right here on BP.  Start finding deals.  :) 

@Chuck B.  Great info!  I didn't know that. 

@Michele Fischer  Good point about the pets.  I haven't decided if I will allow.  I want to say no but I'm a dog lover and I will significantly decrease my potential tenants by not allowing pets.  Something else I'm going to talk to the property manager about for additional feedback.

The upstairs is very spacious so no worries there.

@Chuck B. The lower level floors are complete, only upper level remains.  Plywood subfloor up there.  I've gotten a lot of mixed opinions so it's looking like I'm going to pick something and learn from experience.  :)  I'm really leaning towards carpet.  It's a low traffic area so hopefully I can get a few yrs before having to replace.

I'll definitely take the most rent I can get.  I'm still a bit concerned about the upstairs not meeting "conforming sq ft" rules.  Personally, I don't think the tenants will care but not sure if that is something that the section 8 inspector will look for. 

The natural wood finish was worth keeping in the living room and hallway.  Cleaned up nice.

This is the theme throughout the lower level.  I have a friend that handled the hardwood in three rooms.  A portion of this floor was painted very dark brown when I acquired the property.  Trim will need to be touched up again since it was painted before refinishing the floors.

We used cheap colorplace paint from wally world.  Coverage wasn't great, but it looks nice.  I couldn't beat the price. 

Update: 

Progress is going well.  It's going slower than I'd like, but so far no surprises and I'm still on budget. 

@Chuck B. What is your opinion on flooring for the second floor?  Cheap carpet or something like this? 

http://www.lumberliquidators.com/ll/c/Golden-Mahogany-Major-Brand-7GM/10039312

Lumber Liquidators has this on sale for the next few days.  What kind of durability can I expect? 

http://www.lumberliquidators.com/ll/c/Golden-Mahogany-Major-Brand-7GM/10039312

Quick follow-up......I paid for a month of Wave support to see if they could help.  They don't offer accounting support with that particular package, so that didn't help.  The program itself is easy to use.

At this point, I'm just keeping all receipts and a detailed financial log.  After the rehab is complete on the property, my accountant is going to help me set everything up and properly categorize. 

@Daniel Ryu

Thanks, I'll check those options out.