They just put a new roof on, so that's one large expense I can budget less for early on.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $271,000

Cash invested: $30,000

Duplex with 1 bed, 1 bath in each unit + 3 car garage in a great neighborhoo...

If you actually need to do permits on everything or just structural fixes and big items (I.e. roof, siding, windows, etc.).

I do not do residential REI even with a projection of double that.  

They tell me the original project manager had a family emergency and had to leave so Kenny took on the project himself.  

You will gain experience with each project so don't let set backs discourage you but always try and learn from any mistakes.

If that $10k assessment paid for a roof you'd capitalize it like a roof.

A good condo board should be saving money for larger projects as they are known in advance (eg every 25 years you need a new roof). 

Hi Raymond,I’ve been working with investors on Fix-and-Flip projects in Florida for over 20 years, and I’d be happy to share what I’ve learned.

Best Value adds are:Updated kitchen, updated bathrooms, cosmetic remodels.Additional bathrooms - finished basement spaces, in unit washer dryer, central air, additions/alterations.All of those are useless though if your roof is 30 years old, your mechanicals are from pre 1950's, and your home is in dire need to be renovated "behind the walls"Otherwise the above will increase your value but you will be left with Lipstick on a Pig