There’s huge retal income potential if you nail that balance between improvements that wow tenants and improvements that merely look fancy but don’t justify higher rents.I’d also keep an eye on how your high end plan fits the local demand.

You need a local/state specific lease.2.

I recommend checking local crime statistics on SpotCrime.

I'm a local Duluth investor, happy to share my experience and can give some recommendations to help build your team.

There are also some locally I think through the AAR, I would reach out to them but if not I am happy to help!

Would definitely check local zoning / code enforcement laws as well.  

I’d love to connect with local investors and agents and, further down the line, with contractors when we’re ready to take the next steps.Looking forward to connecting and learning from everyone here!

I am going to see if I can switch to a local Wisconsin insurance that reflects our local risk level in their premiums.Many of the homes in the Pacific Palisades are 3-5 million, but when you look on Google Street View, most are very modest homes from the 1960s (there are some $20m ultra luxury mansions too), so a lot is the land value, the home replacement value on a 1600sqft may be what - 500k at the most?

Depending on your state, many have local lenders that will go up to 100% LTV. 

I'm a construction management consultant (so similar to engineering) and investor/agent in the Boston area so I get the need to want/need to stay local.