Details are provided below:Purchase Price: $120,000Renovation Costs: $30,000-$35,000 ( property is in move-in condition, but our plan is to finish the full basement and add a 2nd bathroom there, replace carpeting, knock out the kitchen wall to add a breakfast bar, repaint, and remove siding to add brick, or perhaps granite for an immaculate finish)Conservative Retail Value: $230,000-$240,000Our wonderful Ugochukwu Opara provided me with a detailed comparative market analysis, and based on said analysis, the retail value is $264,000.Here's a link to access the analysis:http://www.narrpr.com/report.ashx?

Take this for honest feedback and not kicking you while you're down -If estimating accurately was as easy as simple (sqft * $$) you'd rarely see a contractor go out of business and investors would all fly on private jets to eat lunch in Tokyo, dinner in Paris and breakfast in New York.

Sorry, been a little busy so did not post pics.Here is what we did with the fireplace and structure over the back porch.Also updated the kitchen with new granite counter tops and backsplash, fixed cabinet, new SS sink, faucet and opened up the wall adjoining the dining room to add a breakfast bar.

Regulations makes my business more easier, being a civil engineer experienced in roads and bridges as well as concrete buildings for government entities, I eat those before I eat breakfast, so far it has been working for me.

I have met him a couple of times, actually had breakfast with him before a seminar he gave in Denver.

breakfasts?

I used similar sized buildings that have been converted to Bed and Breakfasts - there are 3 similar properties that have values of $500k to  $550k. 

This is where the really nice, polite and reasonable Merritt switches to my alter personality, the one that might rip your heart out and eat it for breakfast if I'm hungry enough.LOL.

Mean Mug for a quick coffee and breakfast.

I spent my first 20 years after college owning bed and breakfasts and my accountant never helped me plan for retirement so now I’ve realized that I can recover and be prepared financially with passive income through real estate.