Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.

My father is a certified contractor in NJ—he’s built one home, flipped four, and consistently handles upgrades and maintenance for me and his other clients.I’d appreciate any tips or stories from those who’ve turned equity into a profitable venture.

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

I am currently in the market to purchase a tri-plex with the plan to live in one unit, make upgrades, and rent the other two out.

@Les Jean-Pierre Had Section 8 tenants and got a bunch of energy upgrades through a state program.

., the 2006 or 2009 IECC — International Energy Conservation Code).Cost Considerations for a 90-unit or 112-unit Project:The actual cost of qualifying for the 45L tax credit depends on various factors, including:Energy Efficiency Compliance: The primary cost will come from ensuring that each unit meets the required energy efficiency standards, which typically involve energy modeling, certification from third-party energy raters, and potentially upgrading insulation, HVAC systems, windows, and other components of the building to meet the necessary performance levels.Energy Modeling: Typically, you'll need to pay for an energy consultant or engineer to model the building's energy performance and ensure it qualifies for the credit.

The house includes high-end upgrades such as custom cabinetry, granite countertops and energy efficient appliances.

However, it is an old home and you are thinking about major cosmetic upgrades too.    

Since you’re leaning toward the “reconnect with nature” vibe, are you thinking of adding features like hiking trail maps, partnerships with local guides, or even some eco-friendly touches to the property?

If we upgrade to PB Pro, does that include a Stessa Pro membership?