pricing is a very sensitive and important exercise to undertake prior to advertisingDid you research the comps in the neighborhood before fixing your price?

The original electrical would have been installed to run a few incandescent bulbs, a radio or two and perhaps an early appliance and was not designed to handle today's electronic demands.Another thing to keep in-mind, depending on when the property was converted to apartments, is that the conversion may not - quite likely will not - meet current fire codes, which will both impact your insurance rates and your renovation costs when you do undertake a substantial rehab.That gorgeous exterior, with it's clapboard/shakes (or era brickwork) and elaborate trim will be high maintenance - that does not mean it's not "worth it", just that you need to budget accordingly.Personally, I enjoy performing deep energy retrofits on these old buildings (which can be very solidly built), but it can be an involved and costly experience, hence we are always looking for the unloved and run-down which can be purchased cheaply.If that house has been 200+ days on market - and no other landlord or investor has touched it - tells me there is a problem with the value proposition of the deal.  

However, it's a big undertaking.

Do you have any idea of what commercial undertakings you are interested in?

Your relationships and connectedness are what drives your long-term happiness so this needs to be imputed into any financial endeavor you undertake be it active or passive.   

As mentioned, this is a large undertaking though.

After finding the right home to buy,finding out how much to offer for that home is the next challengethat a home buyer needs to undertake.

We are "fix and hold" investors who undertake deep energy efficiency renovations on our properties.I like to be present at the appraisal to inform the appraiser about all the "behind the scenes" improvements we have made to the property.

This single fam had major roof and ceiling damage... probably a bit more involved than a newbie should undertake but I'm a gluten for punishment and I figure this will finally grow hairs on my chest, LOL.

So, make it part of your networking to identify potential money partners.Some folks will say that an entrepreneur is someone who undertakes a business transaction without necessarily knowing how he/she will put it together.