@Ned Carey: Much of the multi-family housing stock in Boston was built during the city's peak population boom, 1890-1930 (brownstones and wood three-deckers alike), as an upper-middle class response to tenements to increase density.

I also installed a 1/2 bath upstairs inside an old closet between the 2 bedrooms as most Capes do not have an upper bathroom.

If you're an investor living in an upper income area, say an "A" neighborhood and someone offers you a property in a "B" area.

Upper bathroom renovated with heated floors. 

My name is Dylan Raiche-Snater, and I am actively looking to perform the leg work for fellow investors in the Rochester, MN and nearby area. 

The cost to renovate can vary wildly and so do the prices of fixer uppers. 

this is usually one 5 million dollar listing that was listed 1 million to high to begin with and they dropped it 500k and there you go prices are dropping and this is for a 2500 sq ft fixer upper  LOL...   

I am have identified my target area and the types of houses I am looking for, fixer uppers and turnkey.

I've come across a 2 unit town home, upper/lower units that was marketed at $195k.

But just going and looking for an undervalued fixer-upper on the market would be impossible to get a decent deal.