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[quote=Anonymous]We bought a long term rental that was rehabbed before the owner sold. It turned out okay for us in the long run, but here were our two biggest expenses and what I'll pay more attention to next time.

--Freshly laid sod. Turns out, it's nearly impossible to grow grass in our yard. We gave up and put in a stone patio. Love the patio, but it wasn't cheap.

--Our kitchen looked nice, but the cabinets where the super cheapest kind you can buy from Home Depot. They ended up falling apart around the four year mark and we put in an Ikea kitchen instead. The Ikea cabinets are much, much higher quality, which tells you how awful the HD ones were. Also, a flipper won't buy the right size cabinets for the space or add drawers and things like that that are important in a small space.

My friend bought a flip. When the electrician came in to wall mount his tv, he noted that they didn't add electrical outlets in places where you'd expect them to be. Also, there was a space for a washer/dryer, but when he had them delivered, they realized there wasn't a proper space for the dryer( or something). He had to have a contractor come in and build some sort of a platform. So be wary of missing appliances. They could be absent for a reason.[/quote]

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