You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships, and excellent customer services to determine how to best market to your leads.If you would like a referral code or more information please let me know :)

The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.

And if in Sec8, there is now WAY better Twin Cities markets then Mpls.

I'd guess the real number is closer to $30k, since we bought it slightly under market and did some minor work like changed all the appliances. 

The LP got it from a friend who is in some kind of real estate mentoring program.

Rise48 is raising preferred equity at a valuation that is not market, with income growth projections that are unreasonable, and putting $7,000,000 of new investor cash back in their pockets... $7,000,000!!

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

Also, we're not getting anywhere near market rent for the home since its only half the home being rented, however we do feel that we're getting what similar efficiencies are getting in the neighborhood.   

Generally I'm seeing anywhere from $25 - $40/Sf in TIA in different markets around the country.