First timer. 

I do not yet have an LLC set up.Long story short, I’m just looking for a little advice/ motivation to start a successful dive into full time real estate investing!  

But what you're envisioning will be very costly and it won't look right when you're done unless you are redoing the whole kitchen cabinetry. 

For first-timers, what normally causes the most heartburn is the rule that you have to formally identify what you want to buy within 45 days of your sale. 

The  unit is rented consistently and is functional but also needs upgrades, new siding (has 2 layers), Some rooms could benefit from re-wiring and more insulation,   Painting is always an issue as it is not plaster but older thin wallboard. kitchen is fairly new, bathroom could use upgrade, upstairs bedrooms have some pitched ceilings but I don't think based on the foundation/construction it is a candidate for a full second story and it had a new roof a few years ago.

I live full time on Maui and am a full time real estate broker so I'm very attuned to what is going on.

The 9 apartment units will be turned over (leases are terminable with 60 days notice) and will receive new kitchens, bathrooms, in-unit laundry and general bldg deferred maintenance improvements.

Before finalizing the deal, I'd like to get some opinions on whether this amount is too low or too high.The renovation projects are minor ones, such as painting, window work, kitchen renovations, some repairs and corrections that do not require permits.Thank you!

There will be a lot of no's but there are still ways to get them talking (it's in scripts - "Not even for $$$", I'm not calling to lowball you or waste your time", "I'm really just planning for my next one in the next 3-6 months"Get to the details like Capex - age of roof, furnaces, water heaters, central ac units, electrical, any recent updating in kitchens or baths.

HI @Kevin Robert, We are always on the lookout for great loan officers, but we don't hire part-timers for a good reason.