However, just about anyone who could fog a mirror and took the ride up couldn't help but make money in that upwardly mobile market.

(Doors Material)$2,500.00 (Vanities/Tub Material)$1,500.00 (electrical materials)$2,500.00 (Granite)$500.00 (Baseboard materials)$300.00 (Door Trim)$500.00 (Faucets/shower bath fixtures)$1,650.00 (paint labor and material)$400.00 (Water Heater)$750.00 (Carpet labor and materials)$2,500.00 (appliances)$1200 (light/fan fixtures)$750 (plumber labor)$250 (wood beam material)$100 (new ac Grills)$500 (drywall patching labor and materials)$200 (master bath mirrors)$200 (master bath shiplap)Costs to be incurred but not seen in pics. glass for master and guest bath. $2200.

This way there is no argument about "Oh that was like that when i moved in"  Sometimes even the owner forgets the condition if the tenant has been there a long while.I once forgot that there was a crack on the mirror.. and there it was on the pictures.Its great for landscaping too.I send the move out photos with the deposit refund showing what we charged. 

You may have some units in a multi that turn over every couple years allowing the landlord to have done some maintenance and repairs, whereas other units may have had a tenant living there for 15 years and the status of that unit is unknown.The risk here is that even an estimated price/sq ft could be dramatically different even if each unit's layout is mirrored. 

The rentals (next door, mirror images) had long term renters--39 and 23 years each, and needed work. 

Mirror Tax code: Federal Income tax rules mirror IRS mainland, only the taxes stay in territory. 1031 exchanges can be done here.

They say the windshield on a car is six feet wide and the rear view mirror is 6 inches wide for a reason. 

I'm in the process of converting to scanned records, and my scans will mirror my hard copy files.So on the hard copy side:1 file drawer per building, includes folders for acquisition docs, mortgage statements, tax bills, insurance bills, improvements (add to basis) and a file folder for each tenant.

@Craig Wilcox @Darrell Shepherd @Josh StechDarrell, your comments mirror my recent experience with LendingHome.  

Seller financing used to be very popular, but fell into obscurity when banks started lending to anyone who could fog a mirror.