The only ones I am involved in that they do these types of structures are typically 7 figures of NOI annually. 

Calculate your ROI by taking the annual rent increase and dividing it by the cost of renovation.

If the note is a 20 year term and the underlying  note the same, you’ve got $100k invested with an annual return of about 22%.  

Las Vegas's average annual population growth is between 2% and 3%.

@James Mudd Its roughly $2,500 to $3,000 annually after everything is said and done to maintain an active license.

The investor(s) get a 5-9% preferred annualized return on their money.

The covered parking area and patios should have adequate drainage to prevent water accumulation and potential damage.Investment ForecastPurchase Price: $849,900Total NOI over 10 years: $308,782.13Year 10 Value: $1,256,336 (based on a conservative 4% appreciation rate)Annualized return: 6.30%ConclusionWhile this property is poised for appreciation, sustaining it over several years for substantial returns would require substantial financial resources due to high debt servicing costs and negative annual Cash on Cash (CoC) returns.

Hi all, my name is Daniel Solano Wolfe and I am new to the BiggerPockets community.

This is disregarding the fact that 5-8% (let’s call it 6.5%) of $400k for appreciation is a $26k/annual profit versus $6k on your cash flowing home.

I'd recommend making a habit of doing this annually, and getting started the moment you get your packet in the mail.