But after factoring in the grout, backer board, and labor costs I think they would end up nearly equal.

They have been@Joe Splitrock I ran their credit history through rentprep.com and had 650 or higher as my criteria and both of them came back as positive.

In addition, if you're doing the rehab labor (I am), you're receiving (saving) the money that would have gone to pay for this.Mike

The letter reads something to the effect that "We are writing to let you know that we have already fully approved Joe Xmas for $1,000,000 in conventional financing, provided that: the paperwork comes through, what he told us was true, employment verification is good, etc..."

If little to no electrical is in the way and no plumbing, should be just a labor issue for a demo person (which could be yourself at zero cost).

Joe Gore

Joe Gore

But now they pay for the rehab out of their own pocket (all labor and materials).

The more you can "automate" your investing business, the more time you will gain to enjoy the fruits of your labor.

Pay a laborer to remove the backyard concrete and get some sod in there with three small shrubs and some mulch.