2- Good to keep refreshed on scams out there.

My tenant's lease is up in August, and a refresh of the kitchen and perhaps finishing half of the basement that can be used as a rec room or 3rd bedroom..would increase rent by possibly $300-$400 per month. 

I can say that one of the most frustrating things with buildium was the way the interface is designed, which is that each field on a page requires a refresh of the whole frame when you change something.

It's akin to having a place in central Paris (but in Chile so not quite the same prices...).We are doing a huge maintenance and refresh of the apartment since it was initially remodeled in 2006 (before we bought in 2010).

@Sagi Trybel the answer to your question depends on your flipping strategy - single or multi family, high end trying to set a record for the neighborhood or just a quick refresh in & out, $s available, etc.  

Gotta say, when I see newer investors passing on what I have been drilling away at about seller financing, it's very refreshing to see, as in Curt's first post.Seller financing doesn't add value to real estate, nor does it make a deal out of a property just because it's offered or can be done. 

—————————————————————————————————If you need a refresher on “The 2% Rule” it is simply this:MONTHLY RENTAL INCOME / PURCHASE PRICE = X%Here are a few links:Youtube video by @Scott Trench (click here)BP article by @Ali Boone (click here)BP article by @Mark Ferguson (click here)—————————————————————————————————To start contributing toward this database, simply respond to this post with the following:(1) NEIGHBORHOOD(2) PROPERTY TYPE (single family, multi-family, etc.)(3) MONTHLY RENT(4) PURCHASE PRICE(5) RENT/PURCHASE PRICE RATIO (%)—————————————————————————————————For example, your response might look like this:(1) Midtown(2) Duplex(3) $1,800 (unit one: $800; unit two: $1,000)(4) $150,000(5) 1.2%—————————————————————————————————Hope this becomes very informative for the Omaha investing community as we start to develop our local rules of thumb.

HI AJ,It looks like it could be a good moneymaker for you.Nice roofs, nice dark parking lot.I looked at the website for it--If it were mine, I'd change those pics out for modern ones and maybe refresh the site with a new one that showcases the property better.Maybe a 3d walk around camera shot for each unit type (maybe use a local service for this.If it were mine I'd use only low VOC paint on turns, if the maintained shed has high VOC paint, I'd try to sell it to a flipper.$100,000 down on a $2M deal for a (looks like) good roof, sealed and striped parking lot, new painted multi-family seems like a steal.I like this style of apartment with the connected upstairs walkways, they seem to attract long term //forever// renter types.And a pool too...

I some places (CA or near water) we have gross rats resistant to poison. 5 gallon bucket with plank and peanut butter works but you have to keep emptying and refreshing.

It is very refreshing to see other young investors out here taking action!