Some of your other posts are pretty solid, but you need to get some help or take down the photos of me on your wall.

The first one we bought in Jan 2020 and it came of the gates roaring rentals wise in 2020 only to hit the covid wall.

Thing is I hit a wall, I want to expand in my area, but I also want to expand in other areas and I am stuck in a little analysis paralysis scenario.

Moving walls usually requires figuring out what is or isn't load bearing and likely putting a large and usually expensive header.

.-- The carpet was nasty and walls unpainted and chipping.- The bathroom flooring was covered in mold and needed to be replaced.- The kitchen sink was unsecured and fell into the kitchen cabinet.- My insurance was cancelled until I fixed roof issues.- Debris littered the recently occupied unit, the basement, and all over the back yard.As mentioned, we had an initial video walk through before the contract to purchase.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

Quote from @Jaron Walling: @Elizabeth Leb Every dollar of that $20k needs a purpose.

Laundry room wall painted black is odd.

From what I’ve read in the Wall Street Journal, companies like ALE Solutions specialize in placing displaced families.. so you might want to explore partnering with them.

He didn't want the walls, so he could  keep his cost low.