Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

I am not acting in an agents role as I am providing the service to help the owners sell their assets, while enabling the buyer to acquire cashflow positive deals that banks are not providing with current rates.

If it's going to continue to be a 3 unit building, it would make sense to add another service.

Yes, I'm a Property Manager in the greater Phoenix area.We are a mid-size property manager, large enough to have great tools and support but small enough to provide personal service.

You can always leverage rentals within their ability to service the debt. 

There might be some hoops to get through with conventional financing with your income situation, but if that doesn't work, you could use a debt service loan.

Quote from @Dani Murai: Any recommendations for a reputable general contractor that services the Torrance/Gardena area? 

Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)

For families with kids that don't have D+, providing it likely doesn't move the needle because it's not important enough for them to already be subscribed.I think providing streaming services (that require login) can have huge downsides if the service gets logged out. 

Now that the 3rd one is on the fritz they’re 8 weeks into waiting for service under the warranty.