Despite the competitive pricing and the fact that it’s been completely remodeled (new roof, HVAC units, windows, floors, appliances—you name it), it’s still sitting on the market.I’m trying to figure out how to get this property to sell faster while still turning a profit.

Remember that comparison is the thief of joy - maybe they buy in very rough areas.

Trying to figure out my next move.

With out those 6 figure IRS refund checks coming in from 09 to 2012 things would have looked quite different in my world.

I've had a hard time coming to that realization, it's a home with sentimental value that we figured we'd keep forever to give to our kids, but that's the parent in me.

I have a seven-figure real-estate portfolio made up a large # of syndications/crowdfunding deals as well as direct real estate investments.

That seems a bit high to me, but I figured I should check before I get too upset about it.

If you can't figure it out, then you have to pay for it, split the cost between the tenants, or split the cost between yourself and the tenants.It's good to understand this issue and have a policy in place before it happens.

So just curious if my number formula is correct $15k down plus $15k Reno = $30k rental income/year  $14500 vacancy rate 2% operating expensive 35% ( to cover condo fees maintenance insurance ect) $5500 a year mortgage so roughly a 12.25% cash on cash return ? 

Just saw a well respected MF operator buy a property they have big plans for in a very rough neighborhood.