Hi,I am hiring a full time maintenance man to renovate and transform an apartment complex.

In any other circumstance I wouldn't have even been able to afford this project, but like I said I couldn't pass it up.

We like value add in the best submarkets (of the best cities) and believe 8-10% CoC is very achievable w/attractive total returns......after re-positioning (renovations / new property mgt team) are implemented.

It is a 111 m2 (1194 ft2) flat which needs full renovation.

Then it gets purchased, renovated, and resold as a 3 bedroom/2 bath, also with 1000 square feet. 

Light rail stops like @Jean Bolger  mentioned are a good bet, but so are some of the big developments coming in and the big infrastructure projects being undertaken by the city. 

It certainly doesn't "pop" but has served me well and I was super appreciative that others before me had generated discussion about what colors are used in their projects. 

Hi @James Carpenter, if you are an accredited investor, you can buy into institutional grade $50-125M projects with as little as $100,000 and diversify.

It's always best to wait until redemption period is over to do any renovation.

@Aaron Fallon,interested in learning more about your project as I myself is NY based but doing some similar things in Cleveland.