Towel bar, toilet paper holder, ect) Electrical outlets plumbing Lighting Celling fan/ventFloors General outside of kitchen/bathroom Floors $3,500.00 Molding/trim (millwork cost included in section 12) Baseboards Electrical $7,800.00 Electrical panel Electrical outlets(grounding, circuit breakers) Electrical outlets placement Light fixtures / or celling fans Light switches Wiring Replace Light switches as needed Replace wiring as needed Plumbing (tentative) Old Galvanized pipes (outside of kitchen & Bath) – cooper Main water supply in take Sewer line8.

The Quartz counters in the bathroom and kitchen got installed today.Major Structural: -100% New Electrical (Wiring, Faceplates, Switches, Fans, Exterior Panel, LADWP feeds, etc) -100% New Copper Plumbing -New Sewer Drainage pipe to LADWP -Brand New Roof (1st layer, House&Garage) -Brand New Gas Water Heater (and moved from kitchen to outside of house) -All brand new windows -Brand New Doors -New Wood laminate floors throughout entire home -New lawn sprinkler system -Custom landscaping with new sod, colored stone, colored mulch, & plants/trees -New wood fence-Crown Moulding Install-All new baseboard installedEntertainment/Convenience Features: -New pantry -Laundry hookups in garage-LED Lighting & Bulbs Throughout -Whole Home Ethernet (Network) Pre-Wired -Living Room Sound System Pre-Installed (4x 6” Spkrs, 1x 8” Center Spkr, Subwoofer Hookup) -Living room HDMI pre-wired for wall-mount TV -6x Recessed Lights in Living Room -Each bedroom has 4x power outlets minimum -Firepit in backyard -Elevated concrete slab section for BBQKitchen: -Custom tile floor w/ pattern -Cappuccino Wood cabinets -Quartz Stone Slab Counters -Spice Racks -Trash storage drawer -Enclosed Surround for up to 36” Fridge -Recessed light over sink -Dishwasher hookupBathroom: -6ft DUAL Master Vanity -Cappuccino Wood cabinets (matching kitchen) -Quartz Stone Slab Counters (matching kitchen) -6 Storage Drawers plus 2 main under sink storages -4.5ft mirror -Custom tile floor -Custom shower/bathtub tile surround -2 Recessed Nooks w/ Interior Colored Glass

Hey guys,I have a lead on a property to wholesale (I'm brand new to wholesaling) I think I can get it at 70% of ARV but am worried that the work needed -- I don't know if it's ever been remodeled and has some water stains in the ceiling  -- will be too much for a flipper to take on for the profit margin.

Check for any leaks with soapy water.

Current Rents: $2700/mo (I believe I can have rents up to $3200/mo within a year)My quick analysis, (using $2700/mo for income), looks like this:Asking Price: $165,00010% down: $16,500Payments @5%, 20yrs =  $980/moOperating Costs: $1080/mo (Gas, Electric, Water, Insurance, Taxes)$2700/mo - Operating Costs: $1080 - Mortgage $980 = $640/mo Cash FlowCap Rate: 4.6% Am I missing anything in my analysis? 

If you want to be a RE investor it is best to dip one toe in the water and see how it feels.

If no one is there to say the heater \quit working when you check in on it it may have frozen up or burst a pipe and pumped 50,000 gallons on water into the basement. 

The house is in a desirable neighborhood in Massachusetts but was built in the early 1900's and has been abandoned for about 5 years with leaks and significant water damage and likely to have mold.

The house meter is for consumption not specific to the individual units...such as exterior lights, power to the washer and dryer, sprinkler system, outside hosebib etc...If existing water lines are behind walls, under slab, it is going to be impossible.Also, if you separate electric but not water, and your water heater is electric, make sure you are not supplying hot water to unit B on a branch of a line powered by unit A's electric.

I can't see why not unless you have water, sewage and electric hook ups and maybe propane tanks.