To start, the numbers:3 bedroom, 1.5 bath 1700 sq foot brick SFH with bonus room.Purchase Price: $59kAppraisal: $105k as is with estimated $124k after rehab.Renovation budget: $20k.Renovations include: new flooring in bonus room, kitchen and baths. total renovation of bathrooms, new cabinets, crown molding (to cover bad drywall job by previous owner), buff hard woods, paint exterior, paint interior, remove awning, remove side door and seal up, fix low spot in kitchen floor, and remove the non-permitted fire place.Estimated Rent: Initially I budgeted $950 per month based on another rental I own in a similar location, but  two houses on the same block were recently rented for $1200+.

Hi all, placing a 11 unit multifamily under contract tomorrow. in college town in Washington county, PA, has 11 units, laundry facility, parking spot for each unit. brick building with gently sloped roof. roof redone 4 years ago, electrical redone 2 years ago. was under very poorly rated PM in area, met the guy when seeing facility and seemed very eager to do the minimum.  

You are supposed to be able to buff out any marks or cuts that may happen to them so that is a plus for using them on rental properties.

"My pit bull is friendly and gentle.

Have a gentle but firm conversation with the neighbor, let them know what you intend to do with the property, what your expectations are of him and what his expectations can be of you (even if it’s just about parking).Hopefully this two steps will go a long way to resolve any future issues that are similar to this.All the best.

ARV  180ish in those days... probably needed 15 to 20k to change out mechanical and fluff and buff .so I am standing there and because of the low bid and the fact that northwest trustee converted to putting all the sales on their website.. ( which really blew it for us guys in the business)  there were over 30 bidders with qualify checks so at least 3 million in cash chasing a dinger that ended up selling with Maybe 10k of equity in it.. at that point I knew our great run was coming to an end and the days of picking off equity like we used was about done. 

Before you call, you might need to get on a ladder and (gently) check a corner or an edge - sometimes a new roof gets installed over an existing roof, so you might have two layers of shingles. 

(about not writing a letter.)Thanks for the gentle reminder that real-estate is ultimately about relationships!

I have found, however, if I take the time to gently move her towards more risk and show her the numbers then she is more willing to embrace the risk - aside from risking anything regarding this one house we paid off.

This was a cheap way to get in, learn the property management ropes gently, since I lived on site.