The state may ask why you didn't try cleaning the walls first, but that is a stretch as the state is broke and doesn't even prosecute theft.

Sounds like a stretch I know but I’m trying to problem solve.

How far can you stretch your cash/equity without being overleveraged?

It is really close as we are into the property at $300K total, so $2,500-$2,700 in rent gets us to around .008-.009 which is certainly a stretch.

Good to start small to learn the systems and then stretch yourself deal after to deal. 

@Josh Harris I personally would not take out a personal loan for renovations if you are stretched for cash.

If so It's a hard stretch to qualify as RE pro unless your business is RE related

I have a stretch of days off coming up in July.  

Hey everyone, I'm fairly new to real estate investing & have been researching lately trying to understand & analyze properties better & I stumbled upon this unique listing that caught my attention in CA:Commercial Building Storefront (retail building) + Opposite Side of the lot is a residential property 3 bdrms + 1 bath Year Built 1951 Price $219,000 est cap rate 10%-Total Lot Size 6,000 sq ft /Building sq ft 2,262 +/- Commercial Building 1,162 sq ft +/- /Residential 1,100 sq ft +/-* Lot stretches between two parallel streets, both properties are back to back (but not attached to each other) each facing a different street (Commercial Building)-has a showroom, back office, storage & bathroom complete w/shower.

Quick stretch/2 min workout to get the blood pumping.