First month is drawings, permits, and demoMonths 2-4 are construction: HVAC, plumbing, electrical, paint, trim, flooring, kitchens, baths, likely roof and exterior paint/sidingFinal week is punchlist, landscaping cleanup, listing prepComing soon to pending is typically about a week30 days to close

I doubt that every single little repair ever made like replacing the faucets, etc. needs to be disclosed, I imagine this is limited to material repairs like major plumbing issues, structural issues, major modifications without a permit etc. 

There are some local investors who completely avoid Minneapolis and Saint Paul due to a number of factors (regulation being a big one).

Plumbing ground is put in and inspected / Cables and material for the slab are delivered around the same time5.

Your feedback is really shaping what I build next.Quick question - when you track renovation costs, do you prefer breaking it down by room (kitchen, bathroom, etc.) or by trade (plumbing, electrical, etc.)?

It might have foundation issues, plumbing issues, sheetrock, etc.

Since the texting 10 DLC / A2P regulations went into effect in October 2023, it reset the marketing channel and now very few investors are texting in bulk due to all the hurdles you need to jump through to get your account approved for texting.For me, keeping my cost per deal low is very important.

That puts you in a strong place to start making real moves.Since you’re in Portland, just be aware that cash flow can be tough locally due to pricing, taxes, and regulations.

Life-safety and habitability issues (like plumbing leaks, HVAC, or electrical hazards) are usually handled immediately, but make sure your management agreement defines those clearly.

Look at the age and condition of the roof, HVAC, plumbing, electrical, water heater, windows, and major appliances.