I have a friend who has 50 such doors in this market.

Purchase price: $40,000 Cash invested: $60,000 We rehabbed a Historic home that was sold to us by a neighbor knocking on the door.

.- Lighting fixtures- Smoke alarms / carbon monoxide detectors- Window and door repairs- Water heater maintenance

But larger repair items such as appliances and mechanical, plumbing, electrical, roof windows doors etc should still fall under the landlord's responsibility.

Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.

In industrial, my experience is clear heights, door count and size, loading dock access, and (probably not the case here) how perfectly level are the floors.I would also run a price sensitivity on how far rents may be able to drop to still make this worthwhile.  

If you want to try lending and do some buy&hold, then 1) find an experienced HML/Agency and lend through them a few times (they should be able to get you a decent return even after fees) & 2) leverage an experienced syndicator and join their deal as a passive investor - you can always learn about syndication through this "back" door if you will, while making some passive income and enjoying tax benefits of buy&hold investing.If you'd like to speak about it further feel free to PM me.Good luck!

I own 3 buildings (7 doors).

My townhome development in WA was under 200k for 18-units to get full building and civil permits.So hypothetically, if you think it's worth 100k per door at preliminary approval before utilities and improvements maybe it'd be worth paying 50-60k per lot.

I am someone who learns by doing, and beside reading as many books as possible during this time I am looking for ways to get my foot in the door of real estate investing.