I would like to know if anyone has experience with this and what steps would you take from start to finish.

My goal here was to replace all major components and renovate to a premium level finish in order to charge market rent.By installing high quality finishes, I am setting this property up to be a low maintenance long term hold 📈What kind of renovation costs are you currently spending on your properties?

Put in about 15,000 in finishings and put it out to rent.

Then you can get it released as you finish the job (either after it's done or after passing certain benchmarks).

It is half below grade and very well finished with 3 egress windows. )Cost: $300k (contract) (Appraisal by the bank:$282K)Rent: Long-term rental: If I only rent 2 legal units min rent is $3200, if I rent all 3 units min rent is, $4K.

.- Finished reading "Real Estate Rookie" book by Ashley.- Looking for out-of-state investments, currently looking into Philly.If anything clicks you, feel free to contact me.Thank you!

We had a LOT of challenges with a developer that turned out fine in the end but created a lot of stress, delays, and challenges along the way, especially in terms of accountability and finish quality.

You finish to the walls and the new owner will happily complete their home to their taste.

My wife and I will likely move there after finishing up my last military tour. 

A letter of intent (LOI) by no means that the deal is finished.