So yes, I think lots of flippers are rolling the dice and getting away with unpermitted work.Adding electrical, plumbing, and HVAC requires a permit.

Selling & moving into a new project has a ton of potential, but also a ton of potential risk, energy, time & money spent, etc.

I have found that the customer doesn't care how the sausage is made, we just promote the energy efficiency, the timline, and the ultimate cost. 

They started asking us to run their projects, too.We didn’t plan to start a GC business—it emerged from investor demand.Within two years, we crossed eight figures in construction volume.What follows are 10 lessons from doing this work at scale.Lesson 1: Photos Can Lie – Quality Isn’t Always VisiblePhotos hide the things that determine whether your rehab holds up:• Subfloor prep• Drywall taping and mud work• Waterproofing behind tile• Electrical and plumbing quality• Framing correctness• Mechanical upgradesTwo houses might look identical in photos.

The market benefits from a robust job sector in energy, healthcare, and aerospace, which supports rental demand and potential appreciation.

With no state corporate income tax, low energy costs, and proximity to CA there are many companies moving to the Reno, NV area.

I’m curious how other buy-and-hold investors are handling CapEx on older duplexes and triplexes (1970s–1990s builds).Here in the Triad, a lot of these smaller multis still have:• old electrical panels• original plumbing• worn roofs• older HVAC systems• aging windowsWhen I underwrite, I’ve been using 10–12% CapEx depending on age and condition, but I’ve seen some investors say they go as high as 15% on heavy value-add.For those of you with long-term holds:What CapEx percentage has worked best for you in similar markets?

Wholesale inflation is spiking again, driven by surging food, energy, goods and services prices.

Permits for electrical, plumbing, structural, new windows & doors.

https://drive.google.com/file/d/1gFQnc2We8UwRdf_agSS8is3UCqD... (picture link)We're working on a condo flip in a high-rise in Honolulu and love some input from electricians/contractors who have dealt with this before....