Hello BiggerPockets, I went to an open house for a property that was listed as a 2 family but with only 1 electric meter, 1 forced-air gas furnace w/central air and 1 hot water heater.

Total cost of materials was around 70k, labor was sweat equity plus about 30 K in other labor cost (sewer later pull, back-flow valve, tankless water heater,4  mini-split units, sub-panel etc).  

@Ryan Kelly mainly north austin close to Apple campus and new water park in round rock

It was a well priced asset in a good area that offered a large value add play through operational efficiencies, thus minimizing the risk that's associated with physical value adds.

They claim even after running multiple rinse cycle, the water is running brown.

.- Cap Rate (Capitalization Rate) is a measure of how efficient a property generates NOI in relation to the property's cost/value.

My water/sewer usually runs about 225 for our lower unit of a duplex.

There could be involuntary liens such as code violations, water and other utilities that survive foreclosure  and are not necessarily recorded 

On both the upstairs and the downstairs I finished the remodel the day before tenants moved in, definitely stressful but talk about efficient margins!

My goal is to find the best/most efficient way to be able to fund my next multi-family.Which idea do you think would work best?