How did you add value to the deal?

Based on rent of $1,695, I think you'll be lucky to get an appraised value of $160k with a CoC return well under 2%.

Have the tenants take and send pictures of any maintenance items and video chat with the repair person as needed.If you ever get in a situation where you just feel like you can't do it or don't want to do it, you can always put a PM in place at any time. 

Feel free to shoot me a DM if you want to talk about the market in more detail. 

I have been trying to get a distressed/value add LTR property under contract in my local market for some time now.

conventional 25% downHow did you add value to the deal?

And I feel the most limited sympathy for it.

So if you are doing an addition, you are only contributing to the structure portion of value, not the land value.

To make the strategy successful, you need to find a property that can be acquired below market value.

Starting out in real estate can feel overwhelming, but breaking it into clear steps makes it manageable.