If i took 1,300 x $10/sf I should expect to pay 13,000 to put in new carpets int he bedrooms, laminate in the living areas, paint the kitchen cabinets and put on new countertops, re-surface tub surrounds and new tile flooring in baths, replace hardware and light fixtures, and fresh paint on the walls.Now obviously that is a very wild guess.

Factors I can't see, touch, taste, or control cause wild oscillations in the market that are completely irrational.  

Then, when it converts to 15 year amortization at 7% (a wild guess, though I think this is the ballpark of what you'd get right now on a lock) your payment would become $898.83.Terms vary, so ready the documents carefully and ask questions.

Our city is striving to be a mini Chicago ;) There is a good meet-up every month at Buffalo Wild Wings.

It is the wild west right now (as it always is with new product) and some people are going to get burned.Make sure you read the fine print on the paperwork if you are investing in a crowdfunding portal.  

Allowing people to go out in public trying to do things they have no clue about or with some wild ideas is a reflection on everyone who deals in the industry, it's irresponsible.

She would tell us we needed to have the central air serviced because it wasn't cooling the house correctly, with interrogation we discovered she was leaving the AC off all day letting the house heat up to the high 80s when it was 100 outside, then coming home at night and she expected to be able to cool the house down to 65 degrees in 2 hours.Just trying to say don't let tenants send you on wild goose chases, especially ones where you could be held liable by your actions from a cascading series of events.

Conforming bedroom in a basement -1) Proper ceiling height- varies around the country, usually between 6'-10" to more common 7', and this can get complicated if there are any soffited areas of the bedroom ceiling2) Closet- even a minimum size on this, usually 22" deep3) Proper electrical, proper heating requirements - must have a light and a switch located at the entrance, must be able to be heated4) Minimum square footage size of the room, usually 70 sq feet5) Egress - varies wildly in cost due to conditions, half below ground basement, fully below ground, walk out, set backs etc...Like Bill said - consult the local building dept, the codes for egress window wells are super strict, very detailed and can be confusing, they can get very picky, right down to if it needs a ladder the distance the ladder can stick out from the window well wall and then the clearance in front of the ladder to the window.Be very careful talking to anyone about egress windows with wells, this is one of the most screwed up things we continually hear about, and very expensive to fix if done incorrectly

The big ideas (wild ideas) mellow to reality too, you learn and that takes about 5 to 7 years to really get in the grove, IMO.

That "online broker sponsor" thing in Texas is wild.