Those landlords have forgotten what it was like to be new and still cash poor.

As a GC he’s certainly forgotten more about construction than I’ve ever learned but my point is that if you’re looking at the renovation as trying to get as much value for your dollar as possible, there are ways to do a kitchen and 2 bathrooms for 20k and have it add maybe 75% as much value as doing it for 80k.

But you've forgotten some things in your numbers that will end up reducing the cash on cash return; you will still be responsible for annual repairs on each unit & if you plan on hiring a management company then you need to include their fees. along with the mechanics shop.

@Marc Winter what were we even talking about (forgotten already lol).

-- Orlando is one city sellers know the entire economy and city will be affected, That said you know that in 3 Months know one at all will be discussing Covid 19 ,, they'll have forgotten and moved onto the next thing falling from the sky :) ..

I had forgotten about the seller financials. 

As a landlord: If the income was sufficient to pay the rent, and all parties agreed to this and signed a contract, and then payments fell behind only because they were forgotten and for no other reason, then the money to catch up on the rent should be there and used as such immediately.

We will be relocating to Virginia soon so any tips and directions you can provide to assist us will be greatly appreciated and never forgotten!

@Michael Rodriguez wow I had forgotten about that post as it didn't gain much traction.

I went all the way by plane, train, bus and taxi to a little monastary in a forgotten corner of Spain to visit Potato Jesus and see God's promise that He has a sense of humor.