@Stephen Waldroup I know you haven't seen the property as of yet but do you have any idea of the condition of the big ticket cap ex items like furnaces, roof, windows, etc?

Added half bathroom, opened up the backyard, and the standard flooring, windows, doors, kitchen and bath renovations.

For a 2/1, I received these quotes with permits 14k electric,  8k furnace/duct, 2k central air, 2.5k floors sanding/ synteko, 10k bath,  12k kitchen, $30/$50 sheet of drywall,  3k paint,  roof was about 7k, demo 3k, concrete demo/new $12 s/f, windows $250/$400 depends on brand, then GC fees,  etc. 

Impact windows throughout, with updated electrical.

Impact windows throughout, with updated electrical.

I am now dealing with a lead paint issue on the exterior windows.

Window replacement might be done in a later year, after the asset has earned a few dollars.

Oh yeah, we also renovated every square inch, including a new roof, HVAC, hot water heater, windows, waterproofed the basement, What was the outcome?

Kitchen, flooring, bathrooms, paint, insulation, drywall, electrical, plumbing, new heating system, windows, doors What was the outcome?

This multifamily had a hug sign in window explain it could only be financed up a HUD loan.