Resurfacing walls.

Restoring the house -- adding new HVAC system, resurfacing all walls, painting, replacing light fixtures, and all appliances; carpet, crown molding, etc.

It needed complete interior rehab, septic system replacement and pool resurfacing.

If there are quite a few cracks or pits, then you are looking more at resurfacing it.

I expect to get the amount from the reserve later.)The 38k income in 2017 is not completely representative, because some repairs were delayed (as is often the case with long serving tenants making repaint, kitchen resurface etc. difficult to do).

Current exterior rehab work includes:LandscapingOverall CleanupIrrigationAsphalt resurfacing (Next 2-3 years) Currently all units are rented for 700 a piece except for the tenants that just moved out which I am renovating and moving into.

Roof, driveway resurfacing, interior painting, flooring can be done in a week.The point is, that much of what wholesalers do can be done without ever taking title.

I'm not in Albuquerque to do the job myself (DIY) but had a resurface stucco of another house in ABQ for around 2000.

., NORTH SYRACUSE, NY PARK LANE APARTMENTS 16 ONE BEDROOM APARTMENTS 32 TWO BEDROOM APARTMENTS RENT INCLUDES HEAT AND HOT WATER LAUNDRY ROOMS – 8 NORTH COLONY TOWN HOUSES 20 TWO BEDROOM, ONE AND ONE HALF BATHROOMS BASEMENTS WITH WASHER/DRYER HOOK-UPS TENANTS PAY ALL UNTILITIES WATER IS SEPERATELY METERED (TENANTS COULD BE BILLED FOR USAGE – NOT CURRENT POLICY) CONDITION OF PROPERTY: PARK LANE: ROOFS NEED TO BE REPLACED WINDOWS NEED TO BE REPLACED NEW BOILERS WERE INSTALLED IN 2009 DRIVEWAY NEEDS TO BE RESURFACED ALL APARTMENTS AND COMMON AREAS ARE IN GOOD SHAPE NORTH COLONY: ROOF WAS REPLACED IN 2009 WINDOWS WERE REPLACED IN 2009 DRIVEWAY NEEDS TO BE RESURFACED / REAR OF BUILDING NEEDS PAINTING FINANCIALS: OFFEERING PRICE $3,200,000 REPAIR INVESTMENT FROM SELLER $200,000 -SELLER WILL GIVE BUYER $200,000 AT CLOSING FOR ABOVE LISTED DEFERRED MAINTENANCE ITEMS PROFORMA P&L - MONTHLY RENTS @ 100% $44,000 LAUNDRY COINS $1,100 MONTHLY INCOME $45,100 EXPENSES MORTGAGE - $2,560,000 @5.5% FOR 25 YEARS $15,721 PROPERTY TAXES 9,700 PROPERTY INSURANCE 1,600 ELECTRIC & GAS (2013 ACTUALS) 1,700 WATER (2013 ACTUALS) 1,300 VACANCY ALLOWANCE – 8% 3,550 ALLOWANCE FOR MAINTENANCE 2,500 ($36,071) NET MONTHLY CASH FLOW $9,029 17% RETURN ON INVESTMENT OF $640,000 A few things to note.

(needs some vinyl corner trim and bushes need to be trimmed - driveway is badly cracked and could use a resurfacing, but is still usable)