My only comment would be that C class properties are not worth the discount you’d get at acquisition.

The duplex needs about $25K in work (update flooring, update the kitchen, update the bathrooms, paint the walls). 

I am going to use Seth Williams advice on my next purchase and send letters to several neighbors offering a neighbor discount.

I forgot about this post... fast forward 5 years and I have converted this to a 4-plex by adding a kitchen and bathroom and a bathroom to one of the other units. 

I am able to do a CMA (Comparative Market Analysis) for you with specifics based on what you are looking for, however- I just need square footage, zip code, number of bedrooms and bathrooms, neighborhood, year built and age of home/upgrades and improvements to compare.

I added a half bathroom.  

Common types of renovations that can reduce your tax liability are adding new bedrooms, bathrooms, etc.; remodeling an existing space; replacing or adding AC, flooring, insulation, roofing, etc. 

Next inform the contractor of your financial issues and that you cannot pay if there is not a further discount.  

I could see kitchen and bathroom themes moving away from their current blue/grey/white (i.e., cold) theme to something warm again.

Seems bridge-lender has MF CLO running at 90-110% LTV.Even the GP that was touted to be good a few years ago by even the most senior folks are having trouble.this month it seems the industrial is starting to get hit.however as everybody knows it doesn't mean the multifamily is bad , it just means the next gp could make money after buying from a discounted deal and it seems the bottom is near.what's certain we need to calculate who would receive those discount from the lender side, lets say assuming 10 year is settled at 4% until 2035.