It made my kitchen look new and fresh.

Fresh paint, new carpet, replacing flooring, shiny new faucets, replacing light fixtures, etc. go a long way in their eyes, cost very little, and in most cases can be done in a day.I think your heart is in the right place, but you have to think like a businessman, not a friend.

Lots of fresh content, too.

While you will not have as many expenses in the first few years of a freshly rehabbed or banks new build,you will have them eventually,thus, the rule is in place for the long term.That said, this rule is again, an average and to be more precise, the rule for single family to 4 unit buildings will likely average closer to 45%, but apartment buildings were also included in this rule of thumb and thus!

They come there for vacation and make fresh meals with food and herbs and enjoy the beauty and peace of nature with the streams and woods.I have been meaning to visit him again but have been really busy.

It's listed at $19,900, is a 3/1 and from we can tell it needs a furnace(stolen), appliances in the kitchen, a fresh coat of paint a quick clean up.

Neutral, fresh paint3.

And either find a cheap apartment or get into a duplex asap after finding a tenant for the house.Im thinking that I should sell the house so that I can start over fresh inside a duplex.

I grew up in the city where they are located so I know they are in stable neighborhoods (not declining but not improving either).Prop #1: 10 units in 2 adjacent buildings.Price: $280000Down Payment $70,000 and Mortgage of $210,000Annual Rental Income: $47,500Annual Expenses (incl taxes, ins, mgmt fees): $25,400Net Operating Income: $22,100Annual Debt Service: $16,284Positive Cash Flow: $5,816 (22,100 - 16,284)CAP rate: 2.1% ($5,816 / $280,000)Prop #2: 10 units in 1 buildingPrice: $229,000Down Payment of $57,250 and Mortgage of $171,750Annual Rental Income: $56,100Annual Expenses (incl taxes, ins, mgmt fees): $29,903Net Operating Income: $26,257Annual Debt Service: $13,320Positive Cash Flow: $12,937 (26,257 - 13,320)CAP Rate: 5.6% ($12,937 / $229,000)I'll obviously do a thorough inspection done of each building to uncover any capital construction needs or deferred maintenance problems.Any thoughts?

So I build historic exteriors with all the details but interiors with the things modern builders want.I have flipped a lot of homes as well and when you buy a property to flip you never know what you are going to uncover or run into as far as issues.