we rebranded re marketed with minor cosmetic upgrades and we supplied in house new management What was the outcome?

Hello All, So I have tenants that are not quite understanding the difference between functionality and personal preference. I am trying to make a clear distinction between the 2 and wanted more opinions on how to diff...

You could live in an amazing city, there are big hospitals around if you wanted to go for nurses. 2 units can be upgraded immediately (delivered vacant) and rented out so you could "add value".

In the case of a roof, etc. you could renegotiate a higher sales price (amend the contract) to cover the cost of the upgrade (if the market will bear the increase).

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

Removal or deactivating will cost a few thousand but not 10s of thousand and you might want to convert to gas or upgrade to a more efficient boiler anyway.  

Your upgrades may not be worth a whole lot if the rest of the comps are low, unfortunately.

Live in it for a year while fixing it up, paint, floors, minor bathroom and kitchen upgrades, fix anything damaged or old.

It was a foreclosure that allowed me to do some (mainly cosmetic) upgrades and sell for a profit.

This is including MEP work being completed, but no upgraded finishes at all.