I would replace the full 4-foot section with a new piece of paneling.

Like I said, it's 950 square feet of paint and carpet with a 400 square foot basement with rough-ins.

The property also contains a two-car garage and a single family, wood frame, 1000 square foot home.Breakdown:Price $141,0004 Apartments (2@650, 1@575, 1@500), 1 SFH (850)Gross Rents - $38,700 - 8% Vacancy = $35,604Expenses - RE Tax ($2800) Maint ($3000) Reserves ($1500) Utilites ($2400) Property Mgmt. @ 7% ($2492.8) LawnCare ($833.33) Misc. ($500)TOTAL - $13,526.13 NET INCOME - $22,077.87Cap Rate - 15.3%I made an offer on this property in January of 2012.

I think it's priced well, just need to get some foot traffic and get this baby sold!

Miami,Broward and West Palm Beach RE market is really tough for begginers,either buy and hold,or fix and flip(property values too high,and not so many helpers out there)and i belive sharks owns the wholeselling scenerario very quited,that is my feeling in 3 weeks learning here with little or zero info coming from those areas.Working in Real Estate industry can open doors for you to have a networing and get your foot on the ground ,who knows if you got lucky and find the great deal,somebody said here too ,if you have the deal money will come..Start grinding and good luck.Excuse my English grammatical mistakes,is not my Natural Lenguage..

When I looked at a small addition, I was given numbers as high as $300 a square foot.

I dislike the per-square-foot method of comping, as it doesn't work very well in a couple of the markets where I rehab.

Bingo

I have NEVER seen the last ten houses I bought or even set foot in the state they are in.

At $750 a square foot, it’s San Francisco’s most expensive deal for a stabilized office property in the past year, the person said.