Fixer-uppers offer higher returns, lower prices, and more customization but can be time-consuming and stressful.

I would appreciate if experts here could review and advise whether it’s a good deal based on the numbers I plugged in for CoC.

They have a few excel work sheet samples that you can download and customize.

However, if the lock issue was caused by misuse or accidental damage on the tenant’s part, then the tenant might be responsible for the expense.It’s always best to review the lease agreement first to see if there’s specific language about repairs or locksmith services.

Customize Your Lease for Room RentalsEven though you’ve got the BP lease agreement, I’d recommend tailoring it to fit your specific room rental situation.

I faced a similar problem and ended up creating custom designed Excel spreadsheets that auto-populate with each other.

Review the PPM and Operating Agreement: Start by thoroughly reviewing the Private Placement Memorandum (PPM) and the Operating Agreement you received when you initially invested.

Here are some areas where automation and tech adoption can make a difference: Customer Relationship Management (CRM): Use a robust CRM system to track interactions with potential buyers, sellers, tenants, and partners.

Often times there are bedroom size requirements, residential sprinkler system requirements, among others.You'll want to then check the state regulation agency and review their requirements and licensing process. 

In my market no one is building that is not building a custom built $700,000+ house.