Be sure to have the gas, water and sewer lines inspected as these may be dug up or collapsed - and very expensive to replace/repair.

Hi Junior, I'm in Atlanta, but I have sold properties in Macon, Ga if you every need any assistance.  

They provide one-on-one assistance from my specially assigned   advisor if I need more extensive assistance for an hour a day during zoom, in 15 min interval appts.

Purchase price: $90,000 Cash invested: $55,000 Triplex in SE Cleveland (D+ neighborhood)Purchased for 90 and saw 105 for valuation. 25% down plus closing costs and unit repairs has led to about 50-60k going into the deal.

Every PM operates differently, and at the end of the day, there is tons of information you can navigate on your own in the beginning stages online, but surely there will be PM's that would be more than happy to assist you on journey. 

I would recommend that you don't ignore it; repair the drywall, monitor it and see if the drywall cracks in the same locations again.

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.

However, you can file Form 8832 (Entity Classification Election) to change the LLC’s status to a disregarded entity, provided you act promptly.If you don’t make the election, you’ll need to file Form 1065 by March 15, 2025, adding complexity but retaining the same tax benefits, such as deductions for depreciation and repairs.

By purchasing at a great price and leveraging our network to find a buyer quickly, we maximized profit without the need for repairs.

The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready).