Hello fellow BP members, I recently was studying for one of my real estate courses in college and ran across a topic on appraisals and it really got me thinking.It was discussing how modern technology is affecting the appraisal profession.

They are rabbeted in the very best tradition of foursquare work, and each of the 4 and 5-inch quartersawn trim boards has a wide single groove dadoed into its back (modern production trim boards have 2 or 3 narrow grooves, it's cheaper to do but doesn't work for trim quite as well).

I'm sure you have even more codewords to express your desire to raise your kids in a place that requires no work to meet your standards for space, cleanliness, modernity, and aesthetic appeal. 

Paul really knows his stuff, and he makes real estate investing a science, which is to say he puts a repeatable system into place to "automate" his investing.I really enjoyed this one!

.$0 in repair costs is a stretch- especially if you plan to increase rents...you'll need to justify the higher rent and that typically means improving the condition of the property = $$Your upfront equity position isn't great, but it looks like you'll start with a bit of equity...and if you decide to improve condition you can force the value as your NOI increasesBoilers are find if they are modern...looks like yours was replaced in 2017- definite positive5.3% on the loan doesn't look too bad...your DSCR is 1.15 ...most lenders will require this to be 1.2++ Vacancy is relative to your local market...not sure 5% is the right number to use or not...I look at CapEx different for year 1 and consider it an up-front out-of-pocket expense...but it looks like your units are in good condition so 5% may be right...maybe high...Water and sewer (and other utilities) seems low to me, but it's specific to the area...and maybe just for common areas?...

Currently we have 124 units that we manage, we are fully staffed and use a modern property management system using EFT payments.

I plan to put in around $10k to modernize it and bring to comps renting for $1,300 per month, which includes all bills (water, internet, etc. )With the improvements to the area, I can see it being a long buy and hold play. 

There is not enough history or medical science behind e-cigarettes to state they are 100% safe.

With modern technology lenders and auditors are able to fully audit their loans using AI and machine learning -- rather than looking at a few percent they are able to analyze them all.

Neighborhood looks beautiful with all these magnificent, modern-looking apartment structures here in Koreatown, Los Angeles.