My septic inspector regularly tells me there’s generally no septic police for these matters once the property is built.

Some will go with a nicer pad and a cheaper carpet.The nicer pad makes the carpet FEEL more expensive to the tenant when they walk on it.A great pad also resists wear and tear and if you need to replace the carpet the pad usually can be used again.Used to you would put a plastic membrane in between the carpet and pad to protect the pad but the plastic would slide and make noise sometimes.Now they have pads with built in protection.You are not looking for the cheapest product but the best VALUE for what you pay.It depends on the area and what kind of tenants and rent base you are working with.

@Jim Pfeifer built an incredible community and BP/PP can take it to the next level. 

So I bought this house back in January, and I fixed it up over the summer. it is a 3 bed 2.5 bath built in 2006.

can someone point to any insurance company offering insurance for California multi family homes that are 5+ units and built in 1950sThanks 

The building was built in 1965 and was remodeled in 2011.Seller is asking $300,0004 units - 900sq ft each - currently rented at $700 per unit - Tenants pay all utilities except water/sewer which averages $250/month.Insurance is $1,600/year and taxes are $2,600.It makes sense as far as I can tell.

If it’s out of state I’d love to hear more about how you went about getting it inspected, if you built a team, etc.

The issue is after learning about 1031 it says it can’t used on a property that is just built to sell which this house is being a new build.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

We missed that the restaurant tenant has a non compete built in.