Not only did Josh and Brandon team up to write this ultimate guide, but they’re teaming up to participate in a live author Q & A session—exclusively for people who buy this book from biggerpockets.com/store!

Refinances are a full fresh complete re-underwrite comprising 95% of the same work/paperwork that a purchase mortgage involves, assuming of course the consumer wants the Fannie/Freddie subsidized rates.

Purchase price: $100,000 Cash invested: $20,000 Commercial building used to be a tire store, currently a Carquest auto parts store operating.

Clean house and start fresh.

Clean the place up and start fresh with a tenant that is properly screened, paying market rent, and respecting your authority as the owner.Another thought: you may want to consider a property manager.

I’ve found better quality hoods, fans, and lighting fixtures cheaper than the big stores or than my contractor can find them.

As far a books on management go, check out Brandon Turner's book on managing properties which you can find here: https://www.biggerpockets.com/store/managing-properties-digital as well as the Landlord Survival Guide by Jeffrey Taylor

The thing I love about out of state investors that take the time to do that is, they bring a fresh set of eyes!

Some of the larger expenses-Interior/Exterior Paint, Storm shutters for a few of the front large windows, added additional cabinets to one unit,  New refrigerator from Dent/Scratch store after old one died,  Laundry units that tenant pays +$50/mo for etc. 

It's in good condition and is rentable after some fresh paint and maybe carpeting.