@Brian Burke Both of these properties have management issues, starting out 18 months ago occupancy was in mid 80's at takeover, but the economic vacancy was high a lot of delinquency, courts backed up and they couldn't evict fast enough, meanwhile they did most of the Capex but weren't able to fill all the upgraded units quickly, they changed management companies and things were getting better but not fast enough, and yes it has bridge debt with no rate cap, and the amount of the capital is to be able and hold on till they hit 90% occupancy and will be able to refinance.Lessons I'm learning, Due diligence is walking every unit, looking at every lease and checking if money from leases are actually going into the bank.

Hey Adam, goodluck on taking a new job and making the big move and upgrade living here in the Tampa/St pete area! 

Never rush a move in.Dont go cheap on repairs and upgrades!

They also offer a website builder to create your own website and you can also pay to upgrade and use other tools. 

Look how this beautiful range hood instantly elevates the look of this kitchen.Consider butcher block counter topsIf a little paint can’t solve your kitchen problems, but it’s not in the budget to upgrade to quartz or granite, consider butcher block countertops.

This is not an eco toon situation unless (until) he refuses to leave, or breaks lease terms (in this case paying rent).

Another option you may not have considered is to work with a developer and build a multi-family property in a desirable area, leverage ECO construction benefits available ($5 to $15 per sq. ft.) and cost segregation and bring in a management company to manage the property once it is ready for occupancy.

We think she had a change of heart after we had the entire front of the house repainted and then upgraded some of the fixtures in the bathroom.

Most Likely we would have to buy the property with a loan and get a construction loan for the upgrades to convert.

My mind goes to either1) Sneaky Rental tactic: Upgrade your primary home at prevailing rates, however unattractive they might look relative to your 2.2% rate.