• 4 apartments renovated just 8 weeks post-closing after buying out existing leases• $33K per unit renovation, achieving 27% ROI• Legacy tenant rents increased 10-20%• $148K capital investment generated 50-60% rental increases• Professionalized property management added What was the outcome?

What was the outcome?

They way things are communicated or how they are executed can have disastrous outcomes. 

Kitchen/bathroom & back porch addition What was the outcome?

What was the outcome?

This proved to be another amazing turn of fortune since not only was this general contractor able to complete the work at a fair market value; the work itself was extremely high quality and we couldn't have been happier with the outcome.

• 4 apartments renovated just 8 weeks post-closing after buying out existing leases• $33K per unit renovation, achieving 27% ROI• Legacy tenant rents increased 10-20%• $148K capital investment generated 50-60% rental increases• Professionalized property management added What was the outcome?

If you don't want to invest the time to learn and are trying to offload it to a PM with the idea that you will learn from them, I'm not sure you will be too happy with the outcome unless you get lucky. 

Replaced roof, updated electrical wiring, radon mitigation system What was the outcome?

There are so many variables in the US right now that could affect the outcome of this but in the end, if you build and end up with the amount of equity you think you will have, you should be able to sell it if needed which mitigates the risk IMHO.The bigger the risk, the bigger the reward. :)