After another friend and I bought Tao Gardens (RETA DEAL) in Puerto Vallarta, we really did some serious research.

Scope of Work:Initial Assessment: Our team conducts a thorough assessment of the property to evaluate its current condition, identify structural issues, and determine the scope of renovation required.Design Concept: Collaborating with architects and designers, we develop a design concept that blends contemporary elements with the historic character of the row house, maximizing space utilization and optimizing layout efficiency.Structural Repairs: Structural repairs and reinforcements are undertaken to ensure the integrity and stability of the building, addressing any foundation issues, roof leaks, or structural deficiencies.Interior Renovation: The interior of the row house is completely renovated, including the removal of non-load-bearing walls to create open-concept living spaces, installation of new flooring, upgrading electrical and plumbing systems, and installing energy-efficient fixtures and appliances.Kitchen and Bath Remodeling: The kitchen and bathrooms are transformed with modern finishes, custom cabinetry, quartz countertops, and high-end appliances, creating functional and stylish spaces for daily living and entertaining.Historic Preservation: Special care is taken to preserve and restore original architectural features such as exposed brick walls, decorative moldings, and hardwood floors, enhancing the property's historic charm and character.Exterior Enhancements: The exterior of the row house receives a facelift with fresh paint, repaired masonry, restored windows, and landscaping improvements, enhancing curb appeal and contributing to the overall aesthetic appeal of the neighborhood.Quality Assurance: Throughout the renovation process, our team adheres to strict quality control measures and standards, ensuring that workmanship meets or exceeds industry best practices and building codes.Finishing Touches: The finishing touches, including interior decor, lighting fixtures, and hardware, are carefully selected to complement the design aesthetic and create a cohesive and inviting atmosphere.Timeline and Budget:The single-family flip project in the Philadelphia row house is estimated to be completed within [timeline], with a budget of [budget].

Otherwise, I personally prefer to sign a fresh lease.

Cosmetic renovations including fresh paint, kitchen cabinet paint, stainless steel appliances, and minor plumbing repairs.

I do have an agent that is helping me on the side to find deal but for a person like me; completely fresh of boat, I have no idea what to look for and extremely nervous to pull that trigger. 

That will give you a sense of vacancy.Every property is different so 10% for CapEx might be high or you can redo some of the major systems upfront in order to lower that percentage.How much is a gardener there?

It sounds like you need to sell those properties and start fresh.

Hard Money Lending/Private Money through Spring Garden Lending How did you add value to the deal?

Need a fresh set of eyes to see what makes the most sense for us.We own a rental home on 1 acre outright with the potential for 3 more septic tanks/home sites.

That or they’ll do a quick turn around and sell this property, perhaps with minor improvements such as fresh carpet or laminate, for around 65-75K.