My last attempt was no exception, seller wanted 5 day inspection on what was billed as primo condition 20 year old property, he blessed me with a 6.5% cap rate and "misstated"Expenses, followed me around during inspections telling me over and over how the neighbor next door is ready to purchase if i dont, never mind the failing brick siding, lack of house wrap, broken, non working windows, rotten decks,etc,etc.BUY IT NOW ask questions later cause there are 10 people behind you who will be happy with making zero for 3 years!

We stuck to the original floor plan and upgraded just about everything. 2 offers in less than 24 hours.

I'm upgrading and renting residential properties for the last 2 years and I would like to partner with a financial partner.

It just looks like you made an upgrade... adds a bit a character.One other consideration, if you install a high-CFM exhaust fan, consider moving it away from the shower, like over the toilet.

The $60-70k rehab estimate seems high as I'm shopping for an Inglewood condo and some of the worst 2bed 2baths in the city wouldn't require over $20k in repairs/upgrades. 

I am hoping to find someone who has broken the surf I know I have plenty to learn but I can only read so many more books until I have to just get that first deal under my belt.

When we had a broken water pipe in our concrete foundation slab (will never buy another house on a slab - lesson learned) and the house needed water remediation we discounted our tenant's next monthly rent payment by the amount of the hotel stay after they provided the hotel receipt.

I've been following the BiggerPockets on a regular basis for a couple of months now and have decided to upgrade into the community!

The building is very well maintained and needs only some cosmetic upgrades.

I thought the house was easily worth 600K and with 20K of material to upgrade the house it should easily sell for 700K.