There is no shortage of work. In fact, it can be quite intimidating at first glance. This is why it is extremely important to see continued progress. The stretch goal is to have all the repairs done by June. I wish to have it occupied shortly thereafter.
The entire rehabilitation effort has been very arduous, but quite educational. It is very rewarding to see real progress. The roof was the first large project, and was completed in roughly one week. The second major task will be plastering and painting.
I have replaced the furnace and hot water heater. Basically, the entire plumbing needed to be replaced. The water supply lines were run using c-pvc, which is not code in most states.
When pvc burns, it becomes a very noxious poisonous gas called Polyhydrochloride. So, I had all of it removed, and replaced with copper. I will need to replace some of the connections to various fixtures (laundry tub, toilet flowmaster).
Luckily, I have been introduced to much skilled (albeit unlicensed), laborers. Plumbing, plastering, and roofers. The power of networking is immense.
Once the repairs are complete, I'll re-finance the loan and pull the equity out and repeat the process on another distressed property. Instant equity position. Very nice..