Purchase price: $375,000 Cash invested: $12,229Hawkes Bay, New Zealand Single Family, 3 bedroom home with a large, older style shed.Renovations:Bathroom Painted (NZD $300)Gutters (NZD $2,000)Lounge Painted, insulated (NZD $600)Status: Business Partner fell in love with the home and wishes to make it his forever home.

Mom will check the kitchen, dad will check the TV/lounge, kids will check their space, the bedrooms and the pool.

The terrace is becoming the center of the apartment - people eat, relax, work, sunbath, lounge, invite friends over, practice yoga, you name it, in a space like this.

I personally like idea of double closing the deal cos I actually buy/close on the property, that way future seller's know that I always have the ability to bring my own financing to the table, but only do it when the margin allows you to do it profitably.

Taxes are not too high even for it being in California and it is close to a tourist area where it could either be long term rentals for people who want to work in that area or for weekend skiers looking for a more cosy style of stay.  

I would think that tenants would appreciate having laundry on their floor and would take more ownership in them but if the rooms are large enough to serve other purposes (yoga room, conference room, lounge, etc.) you could increase the competitiveness of the property.

Starbucks and Caribou Coffee also tend to let you lounge around.

I am a multifamily owner/investor and always use 3 rd party professional management cos. I

So recently I was contacted by one after a fortune builders seminar the cos is 1000 for the year and they provide you with a 3day training program...

I can still enjoy all the restaurants, bars and lounges in DTLA, but instead of walking,  I now take Uber.If you really want to stay in that zip code, then you have to pay the high price.