Double his money on day one.  

If not fixed I have seen people sell for double what the work is because they need to take on the project once closed. 

Even if you think it is the tenant in that bedroom, how can you prove tenant B didn't decide to take a bath in there instead of a shower in their bathroom when tenant A was not home?

If you are going to stay local and considering a condo, you really have to look at fixer condos and at least 3 bedrooms for it to have potential.

Mainly I’m trying to avoid “aged poorly design” glassblock walls, small bedrooms, older windows (wood/aluminum, single pane), aluminum patio covers, and to a lesser extent landscaping.

It is a 6 bedroom and while I see a couple of sales in that 1.6 to 1.8 for 5 or 6 bedroom in that size, that seems to be few and far between.  

I can double-check and confirm.

FYI- Those prices are at least double, for decent neighborhoods in SF.

But… we already had that requirement; houses with four or more bedrooms have needed an approval for extra bedrooms for a few years now.All that to say, I’ve been watching it closely and even I have no clear answers on what’s what.

I would love to start real estate investing, and I am thinking of house-hacking a 2-bedroom condo in Miami as there seems to be a good amount of units delivering in the Brickell area.