- Going to be remodeling each unit (new appliances, bathroom, countertops, refinishing floors, etc)- Changing heat from gas to electric because electric is metered so tenant pays- Adding AC to each unit, which will be electric also- Improving common areas- Improving curb appeal Might build 4-6 new units because the lot is very large What was the outcome?

Thanks for the response.... according to credit karma I haveNavy Federal CU $524..in good standardCredit one Bank $687 closed.. reported 2/27/2020First premier Bank $547 closed..reported 11/03/2019Electric and gas bill $179 closedCommission of public works $0 closedDominion energy SC $179 closed zZounds $179 closed Side note: the house in question was gifted to me by my father.

Just like today visiting Sam's Club all the sheep were lined up for gas like it's never going to be this low again most of them are old people too.

I leave ketchup, mustard (I buy these), things like salsa or mayo or stuff like that.

So mileage, gas.

I underwrite to 15% combined.Management will be 10-12%, unless you have more units and can get a better rate from your PM.Your electric and gas bills look like unreasonable guesses for two units in MN.

Common area utilities for electric & gas are estimated (based on owner discussions) to be $2310/year.Water & Sewer: $400/year. 

I'm also a CA investors buying there and was told by an agent GAs wouldn't walk the property until it was under contract.

Smelled of gas and completed destroyed. 

I installed new flooring in entire first floor, ran gas line for her dryer and bought paint.