I'm looking for multifamily properties with value add potential (maybe replacing the cabinets, painting the outside, adding some plants, or adding new appliances - not a full gut job.) in B or C areas.

Use an inspector to perform a building inspection that checks all of the components of the home including the electric, plumbing, foundation, windows, roof, hvac, water heater and other appliances.6.

This significant increase reflects the rapidly appreciating real estate values in the Woodland Hills area of Los Angeles over this period.The search results also note that the property underwent some renovations, such as a remodeled kitchen with high-end appliances, which likely contributed to the higher selling price in 2024 compared to 2016, , the property value of 22757 Charlemont Pl in Woodland Hills appears to be higher than many similar homes in the surrounding area, but is generally in line with the rapidly appreciating real estate market in this neighborhood.Here are some key comparisons:The sale price of $1,857,500 for this 2,730 sq ft, 5 bedroom, 4 bathroom home in June 2024 equates to around $680 per square foot.The median sale price per square foot for homes in the Woodland Hills area in April 2024 was $638, up 9.7% from the previous year according to Redfin.

it's that simple.2. you switch to a landlord policy on or about the day the tenant moves in3. no, you don't refinance your mortgage just because a tenant moves in (unless i am missing something the two have nothing to do with each other)4. let the PM do this5-6 - up to you, you don't need either one when you're getting started7. too personal a decision to advise, but yes you need reserves - what if you need a new furnace or new appliances?

How are you going to have so much appreciation from repairing a water line, replacing one or two appliances and repainting one room?

., Inspect Mechanical items, Water Heater Age, Roof, and Appliances. 

Heating, air conditioning, hot tubs, major appliance failure, septic issues, etc.  

So I'm leary of getting into another contract and being left with a ghetto laundry room in a couple years.Those machines I sent link to from Home Depot are around $1200/each so was curious if you come out ahead to buy them and just have an appliance repair out when they break??

A good rule of thumb is to plan on spending approx $10k on all the standard items for your unit like your washer & dryer, linens, small appliances, dishware & cookware etc., plus $2-3k per bedroom.

Yes, many appliances are switching to card-based payment systems.