Hello BP community.I need some help.This is my first post on here, but I’ve been quietly monitoring the forums, reading books, and listening to the BP podcasts for a while now.I’m currently negotiating a deal on a multi-family property, and as this would be my first multi-family, I wanted to get a sanity check and see what the great minds of BP thoughts are on this potential deal.Here’s the info:Property description: 5 unit multi-family with all units currently rented.One unit is on a year lease, and the other 4 are on month to month.There is a sixth unit that has never been finished, but I plan to finish the unit upon purchase.There is currently no laundry on site, but if possible, I would like to add a community laundry as part of the unfinished space in the sixth unit.Additionally, there are 4 garages on the property that are currently rented as storage units.The units are all separately metered (including the 6th unit).The landlord currently pays the heating bill for the entire property because it is using steam heat and boiler.I plan to add electric heaters to each room and get rid of the boiler as this would allow me to transfer the heating cost to the tenants, and they would be able to control their own temperature.My rough estimate (I have not got bids yet) for the rehab of the 6th unit/laundry and adding electric heaters to the units is 25K.Purchase price: currently negotiating (approx 250K)Income:Current Rents:units 1-4: 549/mo.Unit 5: 595/mo = $2791/moGarages: 4 x 70/ mo = $280/moProposed Rental Income = $3,436 (6th unit at $595/mo plus laundry at $50/mo)Expenses:w/s/g = $475/moInsurance= $106/moMaint/repairs = $317/moGas = $180/mo (boiler steam heat cost)Property Management = $274/moProperty Taxes = $184/moVacancy rate is sitting around 1%-2%The going cap rate for the area is 7%-8% After finishing the sixth unit I plan to rent it out for $595/mo.

I would envision it with a morning and afternoon session, and steam release cocktail type networking at night.

Turnkey investing has been around for over 15 years but it's only in the last 3 to 5 years that it's picked up steam in terms of popularity (or recognition).  

Once the economy recovers and picks up steam inflation is poised to return with a vengeance, at that point the Fed will have no choice but to start jacking up rates.

@Mindy Jensen,I would got to a big lots/dollar store and buy a couple of power toothbrushes. or get a good round brush into a longer bolt into your drill and have a go. or attach a stiff brush to a multitool/vibrating sander (i know you have at least one of those in your collection :-P )before bleach, first try peroxide + baking soda (or any oxy type of booster) + hot wateryou could try steam cleaning (not sure of effects of steam on porous travertine)source: whole tiled basement with former dirty owners and dogs. i didn't have travertine so i used some vinegar for boost. pretty clean after 3 moping-sessions.

It seems that fabrics are very easy to get stains and my cleaning crew had to use fabric cleaners, scotch pad and steam cleaners to remove the stains.

I was steamed.

I'm trying to figure out if steam cleaning would do it, or if the ozone machine is the way to go.This is a studio apartment in a highrise building.

And regarding the floor, you could look into getting it steam cleaned.

If you are looking for a good organic fertilizer there is nothing better than cow manure that has been steamed to kill the weed seeds.