This has put a cut on our cashflow and we have had some major expenses, like a new roof,  water heater, bathroom remodel, and kitchen remodel all done at the 3 bed house.

I’m a new investor, looking at a potential duplex of 2601 sqft total (3 bed/1 bath each unit).

Great thread, always like more reasons to be awake in bed at night lol

Being such a touristic island my family does some bed and breakfast and STR and has had good success.

The other individual wants to continue leasing the space but wants to change business to a combo craft store and tanning bed salon and is requesting I add a 220 v outlet for a single tanning bed.

As a guest, I probably care the most about a good bed and I'm very "function over form" for the most part, but it's got to look good in the pictures to get me there, right?

For example search for rent 3 bed 2 bath and your zip.

I think 50-150 units is no mans land and we stick to institutional level sized deals. his underwriting is too simple. the unit mixes are off we only build studios and 1 beds for fast absorption, the deal is also under parked without a parking study. anyone who uses "roughly" in their analysis isn't sophisticated enough. we underwrite rent growth, asset growth, and a million other assumptions this wouldn't pass any people I know who invest in deals. get with a More experienced operator and read more sophisticated underwriting. 400k per door new construction is crazy. how much is the land? 

And I'm currently building in the area) Do a market analysis to see what has the highest rent vs cost to build. 2 bed units?

I don't have to get out of bed if I don't want to.