My advice: find something that needs a little bit of work and save yourself some money doing the upgrades yourself - although it is fairly priced. 

No need to install or upgrade versions, since it is all updated in the cloud. 

They fail to make their last two payments, steal your washer and dryer, their dogs have destroyed your carpet and dug up the lawn, there are several broken windows and holes in the wall, and the place is filthy.

Lighting, bathrooms, drywall, paint, exterior upgrades and new roof.  

It's a pretty light job, needs new flooring, interior and exterior paint, resurfacing the kitchen cabinets, counter tops, landscaping and a few other minor things, doors, trim, broken toilet, ect. 

I recently purchased a multi-unit where part of the sale was to upgrade the electrical to meet code.

Hi Jeff:I work with chain store retailers on a daily basis, and would like to ask a few questions which should help determine if you can upgrade the tenancy at your center: 1.

Would I be able to deduct the cost of those upgrades from my rental income if I make those purchase in 2018 and while the property is still my primary residence?

I almost purchased a two family with 2700 square feet seven years back for ~$900k - now that same home is probably worth at least $2mm BEFORE the coming "Amazon effect"second choice would be a non-landmarked 2-3 family house not more than .5 mile away from the 7 train. third choice a smaller multi-family building. cap rates will be low in 4% range but if you can hold it for 5-10 years with adequate reserves and money to upgrade, you will do wellhttps://www.zillow.com/homes/for_sale/Queens-New-Y...https://www.zillow.com/homes/for_sale/Queens-New-Y...fourth choicepre-war landmarked coop apartments in Jackson Heights. not an investment per se because you usually can't rent these out but if are an owner-occupant, these will do great. fifth choicea condo in LIC - these are already expensive and you'll probably have negative yield but IRR will be fine over a 5-10 year holdAs happy as I am for the Queens news, I was even more thrilled to hear about Nashville because it is the one and only place I have been out of state investing for the past four years!

I've gotten response rates as high as 30% from sellers who have severe code violations (not just tall grass or broken windows but mold infestation, or even structural damage). b.