We also redid the cement in the backyard and added walkways, new sod, new water heater, new garage, new windows and doors, LED recessed lighting throughout, new carpet, drywalled the garage and epoxy'd the garage floor, and as an added bonus to the homeowners; purchased a brand new samsung washing machine and dryer.Purchase price: $510kRehab: $115k (Includes labor, finishes, taxes, insurance, utilities, etc...)Commissions: 2.5% = $18,750Sold for $750kProfit: $106,250BEFOREAFTERWe added the subway tile after a couple days because they weren't installed yet during the professional pictures.

Thus that higher return could more than be offset by the increased risk to become a wash. 

If done right you can almost pressure wash the inside of the house when the tenant leaves to clean it up!

The only reason I would include washing machines and dryers is if all comparable rentals included them.

This is something I've been thinking about quite seriously lately, however, we're presently involved with some commercial RE transactions and looking into buying heavily into a Nationwide chain of Express car washes that are expanding into the SoCal market so traditional RE may be off our radar screen for awhile.

In no way was he being evasive about the other $800,000, or advocating that you purchase something all-cash.

Despite the HOA fees, it's a wash when you don't have to pay for as much maintenance. 

Washing machine drain: Water should readily drain into washing machine drain without any back-ups.Utility room: should be free of debris, motor vehicle parts, and flammable materials.Kitchen --Stove: should be clean and free of food and grease.Refrigerator: should be clean.

Fully Functioning Factory on a Wed at 2pm

In CA, landlords provide microwave, ove, dish-washer, washing/drying machine and gardening.Let me know what you think.