Here's a summary of what's going on the property:4 BD 3BA Single family home, -City has Issued nuisance violations due to lack of curb appeal and an unkempt lawn-Previous contractors began working and then abandoned the job 50% of the way through left lots of material inside property to complete job such as new toilets, paint, tile, etc.

I'd also suggest prioritizing location(essentially unchangeable) vs. prioritizing curb appeal(certainly changeable.)

The strategy that attracted me to the deal was to add value with professional management; the GP brings an in-house property management group with scale in the area.Other strategies:• Enhance curb appeal and desirability by implementing common area improvements and upgrading amenities• Add substantial value to the property by upgrading unit interiors and increasing rents to market rate• Improve the resident profile and stabilize occupancy and collections• Increase income, hold for cash flow for several years and sell as renovated, stabilized asset when the best exit timing is achieved What made you interested in investing in this type of deal?

The strategy that attracted me to the deal was to add value with professional management; the GP brings an in-house property management group with scale in the area.Other strategies:• Enhance curb appeal and desirability • Add substantial value to the property by upgrading unit interiors and increasing rents to market rate What made you interested in investing in this type of deal?

It's learn on your own here and figure it out or be left to the curb.

I also heard that Arthur Blank is investing lot of money on redeveloping West Side.But once I dig further, I found from articles on NYTimes and Curbed that1.

@Fernando Ramirez you need to ask the city what is required for all approvals and time frame, if you have to install curb, gutter, sidewalks, street signs, street lighting, any specific street design requirements, DOT requirements or permits, DWQ requirements or permits, permit fees, proffers, water/sewer tap fees and process, bonding requirements, inspections and CO process.

The township was pretty harsh regarding the certificate of occupancy, which really just meant repairs to the sidewalk and driveway / curb-- and in certain spots they wanted brand new slabs when patching would have been sufficient.

At the expiration or termination of the Lease term, Tenant shall repair any damage to the Premises or its contents and shall leave the Premises and the contents in a clean and good ordered, undamaged condition with the kitchen and all appliances, bathroom fixtures and building equipment clean and in the same condition as on the first date of the Lease including without limitation all interior and exterior finishes of doors, walls, banisters, closets, cabinets, ceiling, railing, trim, stairs, appliances and equipment it being the intention of the parties that the Premises shall be returned to the Landlord in its original condition.Tenant shall also:Maintain the house and all appliances, such as refrigerator, stove, dryer, washer, alarm, heating and window air conditioning units, if any, and return in the same working order.Promptly notify Landlord of any repairs even if some are Tenant’s responsibility.Promptly remove all garbage and debris and place at the curb for collection in secure containers respecting all applicable recycling laws.Use all plumbing, heating, cooling, gas and electric and other facilities in a safe manner.Not flush wads of toilet paper, grease, oils, coffee grounds, fibrous materials, q-tips, sanitary napkins, tampons or condoms in the toilet or down any drains.

Each type of asset has different requirements especially commercial vs residential but overall the process looks like this for commercial or multi family:Check with the city or county to determine what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.Check to see if you have to install any manholes,fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements,.Check DOT requirements for access, stop lights and permits, traffic studiesDWQ requirements for permits, permit fees, time framesThis is a broad overview of the process and your civil engineer can handle all of this but it's good for you to know exactly what's required.Residential is much easier but similar considerations.