Hi Shaun,I posted on this before but can't find the post.If there is a hive attached to the house it is different than on a tree etc.If it's on exterior or interior wall.You will have to remove the wall of wood as well after the bee keeper comes out to clean out the bees.The wood (studs)will look clean but the residue on the studs will make the bees come back after you drywall up.So you replace the whole section where they were in the walls.

The manager said from her experience most smoker fires are from the porch/patio location and not inside the units so just banning interior smoking isn't enough protection.

Pretty much the only thing we haven't done is tear down and rebuild or build from scratch.The minimum we tend to do is a complete interior cosmetic renovation, which includes all new paint, flooring, cabinets/vanities, countertops, appliances, lighting fixtures, plumbing fixtures, registers/switches/outlets, etc.

Demand will be strong at this price point as the competition will be significantly inferior quality.24 unit complex (4 buildings x 6 - 1br units) built c.1978 - end of life interior but exterior structure / mechanicals appears sound.NOI forecast at 83k.Renovation budget at $375k inc contingencyPurchase price of $250kOur Bank will go to $565k @ c.4.25% for 5 years with 25 year amortization - they hold the note for the existing owner and know he is slipping into the default zone.

An interior designer and general contractor will meet us to map out a game plan and verify what we need to purchase the property for to hit our numbers.

I also did some of the work myself...I thought the interior painting and punchlist would never end!

Exterior is finished, interior framed with plumbing and electric, needs insulation, drywall, paint, flooring, finish plumb...ThanksKevin

Add in another $15,000 for all new interior finishes (lighting fixtures, plumbing fixtures, cabinets, countertops, etc).You now have a completely gutted, remediated and renovated interior for $40,000.

Burms or underground homes might not be able to be cured of mold buy interior work!

I would have rather had a bit older (but clean) interiors and less rent.