@Chris Thomas in our case, we had the same room layout.

Cosmetically changing the layout of the kitchen and opening up the floorplan.

Again I could make this work with my own capital, but the goal was to see if I could get more "bang for my buck" long term on equity I already own.I will reply here later on with the full layout of the analysis, I should have started with that.

Let's lay out a few examples of how the value can be increased.Example 1You have a 50 unit multifamily property in an area where it is difficult to build multifamily property for anynumber of reasons. 

My biggest concerns are always foundation issues, or a bad layout that can't be easily fixed. 

You can begin to understand neighborhoods, layouts, what $100k looks like vs $150k, etc. 

@Kevin Park - I would definitely get an LLC written up to lay out the partnership between you all and for all of your protection.

Initially, you may want to make this “$0” until you are comfortable with your PM, and also layout the preferred method of communication – I suggest written so there is a paper trail.

I suppose I could roll the dice a bit tho.The other concern I have with the heat pumps is my building doesn’t have the greatest layout for it I think.I do love the idea of them though and my girlfriends family uses them in their three unit and absolutely love it.

Get up at 6:00am grab some coffee and head out to the lay out some lines as soon as it gets light outside.