For $5k/unit, we were able to put all new tile flooring in each unit, do complete kitchen and bath remodels including adding dishwasher, garbage disposal, new sinks and toilets, back splashes, tiled showers, and more.

What do you do to keep yourself focused, motivated and productive, while in a holding pattern?

Jon Holdman @Joe Delia Stephanie Dupuis Troy SheetsIndicated by sales comparsion approachmarket value 66,000 x.65 _______ 42,900 repairs - 2,500 ________ 40,900 my fee - 5,000 ________ 35,000My view:Bathroom & Kitchen tile needs replaceLeak in one bedroommasonry work (minor)front porch beamInvestor's view:Louise: This is a good property, but it is in need of extensive rehab.

Tiled/untiled.

All units recently have ceramic tile put down everywhere.

If there's a pattern of regular payment like in a 12-month period, that's good.

He has been through about 4 cycles he said and he said each time for commercial multifamily was the leading drive on the rebound.If you look at cycles they all have similarities and some differences.Recognizing these patterns leads to the best portfolio and the best returns versus risk.What Rich said holds true in that you avoid the herd mentality.People that do not invest prudently do good with some properties and then the others bring them down to a negative to flat position for years before you can recover.Some of these syndicated pools of investors look at the big project as a smaller risk.That is fine if the gamble is made based on the funds entered is only a small percentage of their total worth.Example if the have 2 million liquid and want to spend 100k for an interest in a property that could throw off very high returns than they are still safe versus their overall portfolio.I can tell you that buyers think "I am buying so low there is NO WAY I can lose on this!".

Tile counter top will need to be removed and a new counter top installed.

.- If there has been a “pattern of flipping” (in this case, that means there has been more than one title change other than an actual foreclosure) in the past year, the lender will likely reject the loan and you may be required to wait 6-12 months to resell to an FHA buyer.

Biggest things I see to improve are Paint, drywall repair, replace the acoustical tile ceiling with drywall, flooring, Counter tops, shower surround.