Also by starting fresh with a run down project I will be able to use my Design ability to make Very comfortable, high end feeling apartments for less then most people could pay someone to do a low quality updated apartment with all the weird layout and initial problems.I would love to meet any of you who have suggestions or feed back on the realities of making a business plan like this come to life. 

You will always have your good memories there.Most of the time it's best to sell and start fresh, especially with a divorce. 

The property needs minor plumbing and electrical work and a fresh paint.ThanksAbhijeet Parihar

Fresh out of school, I just purchased my first duplex at 22 years old.

If the new color they choose is approved, you end up with a free fresh paint job and the tenants are happy.

When it gets to this point it is usually better to either (a) not renew the lease or (b) introduce a new property manager and start a fresh relationship.    

I was just in Portland actually, such awesome homes near the rose garden and Rose City Park

Is there a source for the following data;  I am looking for the "norm" for the expense ratio (based on either GPR or Gross Income) for individually metered garden style apartments in the south east and the mid Atlantic (Region IV) : Marketing Insurance Janitorial Service Lawn/Snow Licenses Miscellaneous Professional Fees Accounting Legal Property Management Fees Repairs and Maintenance Resident Superintendent Salaries and Wages Supplies Taxes Real Estate Personal Property Payroll Other Trash Removal Utilities Electricity Fuel Oil Gas Sewer and Water Telephone Other (whatever I missed)

I chose the college rental market to start because being fresh out of school I am more familiar with these markets. 

I assume there are some gardener/pool service that you might be taking care of, or maybe not?