Complete renovations for multifamily

[Danielle Huang]

Hi I found a 8 units deal in Dallas and the listing agent said it needs complete renovations to the studs.

The building is built in 1929 ish, the electrical system and interior needs all updates. The roof also needs work.

I have not done such a rehab before and what is your advices, I know people say your first renovation should be just some TLC

not complete renovations. But I am just curious to ask if it is a doable thing, what is your view on it?

Is 30K a unit a reasonable cost to complete a unit? Thank you.