Land value increases over time unless the land is in an undesirable location. 

I want to help enlighten investors dealing with contractors and help them see ways to evaluate and determine if they have a clue about their scope of work they are bidding or how to mud drywall...story for another day.

I want to help enlighten investors dealing with contractors and help them see ways to evaluate and determine if they have a clue about their scope of work they are bidding or how to mud drywall..story for another day.

I want to help enlighten investors dealing with contractors and help them see ways to evaluate and determine if they have a clue about their scope of work they are bidding or how to mud drywall..story for another day.

Parging over it would have required a LOT of mud so was not cost effective.We decided to put up 1x3 strapping & cover the walls & ceilings with new drywall.

You'll build wealth in no time whether you decide to sell in one year or 100 years.Clear as mud?

The tenants tend to be responsible, whereas if you have a unit where the streets are unkempt, the surrounding properties are unmaintained, and undesirable tenants gravitate, I err toward shorter leases for the reasons stated above.

So if you were in A and purchasing B, you would not be able to use the "potential" rent from A to finance B.I hope this was as clear as mud...

As long as the area isn't super depressed and undesirable, renovating it nicely will bump your rents up.

The key point from all these responses seems to be that PMs are overrated and represent risk, and that profit for them is a question mark, which raises the likelihood they'll do something undesirable with your tenants/properties.