If you truly have the best house after your rehab in that range, type, style, amenities, etc. then by all means see what you can get, work with the appraiser and see if he has room for adjustments that he feels are justified, just don't ***** about it if it;s lower and he doesn't see things in the same light as you do.

In light of the recent lawsuit against the National Association of Realtors (NAR), There has been significant discussion regarding real estate commissions following this settlement.

Glad to see someone bringing this to light here.

Steps I was thinking of following:1) Get electrical up to code since its all 2 prong outlets and the panel is way outdated.2) painting of the whole house3) Demo kitchen and bathroom4) Renovate kitchen/bathroom5) install new floors6) input new appliances7) input new light fixtures8) etc.

Other considerations things to look at include; are any utilities common (like paying for a boiler for all 4 units instead of individual furnaces), how does access/common areas work, do the tenants all have access to laundry, are there any common area utilities (light common area lights, electric or gas for laundry) that would stay in the owner name.  

Purchase price: $135,000 Cash invested: $15,000 Found a great starter home for sale that needed light cosmetic work.

In Fall 2022 I bought a 3/2 (half of a duplex) in a neighborhood that’s in the early stages of up and coming, my thought was to get a rental to break even or lightly cash flow and appreciate over time as the neighborhood improved.

I feel more inclined to just make sure the property has good lighting, solid doors and I will have security gates on all first floor doors and windows. 

I also really like the 28212 zip code for more of a long-term play on appreciation, with the proposed light rail line hopefully coming in the next 10 or so years.

If someone charges 10% management fee but then nickel and dimes you for every light bulb they change that actually ends up being more expensive than if you pay 20%.A side note here...