NOTE: A lower OER indicates a more profitable property as a larger portion of the income is retained after covering operating costs.Hope that helps!

I think it was $7.5M.  51% of our investors formed a group, took over the property, completed the renovations, and sold the property.

What if I fix & flip instead of rent, can it pull actual sales comps and group by renovated and estimate the ARV?

I currently have a 5 unit 3 of the 5 units recently completely renovated and demo is almost complete on the other 2), a duplex, and a single family home (our house, future investment home though).  

If you plan on renovating the other 13 units, how will you pay for that?  

No matter where you choose to invest, please keep in mind the following (copy & paste):--------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Since most of the homes that flooded took on electrical damage, you will almost certainly need to file a permit to do renovation as you will need the electric company to shut the power off, provide temporary meters, and turn the power back on.

Start small by buying a duplex or single-family home with minimal renovation and in good rental areas.

Yes, you will likely pay close to or at retail value if you are buying a quality property that has been properly renovated. 

Anyone know what this could be worth with a simple cosmetic renovation?