Thanks everyone, but the renovation part of this is 98% done, with still a little room for improvement... which is my downfall because I keep thinking of new ways to keep pouring money into this thing, and I gotta stop that.I've broken up my story because I have a thousand progress photos.So why don't I continue.....Ah, the photo is right side up.So that chair and the metal desk came with the house.

The cost of acquisition, deeply itemized to make sure you have a real number, acurate analysis of market lot rent potential , and cost of engineering srudies then install or rehab of wells and septic install, cost of new or upgraded electical hook ups,  roads, then the multiple meetings with county zoning and water departments before you even start the rehab.

If the schools, streets, shopping and entertainment areas look like a C, attracting residents to pay the higher rates by upgrading the property to a A/B as you suggest (higher than the surrounding area) is typically not going to work out so well.  

Hi,I have a rental property in Golden, CO and recently had a tenant move in that is verbally harassing, making threats to sue me and to "make me pay," and demanding repairs and cosmetic upgrades that are not necessary.  

I would rather learn the ropes with some smaller sized buildings and then upgrade to 50+ once i get the hang of it!

Also you may be required to upgrade the water service in it is less than a 1" main or is found to be lead.

Thinking of upgrading a 3 family I have, but with the coin ops and electrical work, I'm figuring about 5k total to get going.  

I would stay away from lots of boarded up buildings, broken down cars everywhere, stray dogs running the streets and trash everywhere if you know the place isn't going to appreciate. 

Most importantly we found a great home at a very reasonable $119/sq ft that is 5 years old with several upgraded features we couldn't touch in Dripping Springs.  

Could I upgrade my personal insurance to prevent this in the future?