Of the 5 or 6 that do have basements, they areall unfinished and are in the older houses.Newer houses with basements tend to be out of my price range.Even if they were finished, I demo all of them and tell every tenantthe same thing.

I do have experience being a demo contractor and working for investors already, but want to start doing the REI...

Hey Vickie Yang , I'll be working on getting PM this week.

Soree demo, boku ga GC to Agent desu.

Best regards - EmilioLand Purchase$100Remediation and Demo$1,000,000$500,00050%match from govTotal Acquisition costs$500,100SF Per Unit760units100total SF76,000circulation38%28,880Grand Total SF104,880Cost Per SF$95$9,963,600Fees/permits10%$996,360Total Costs$10,959,960Contingency5%$547,998Total All Costs minus acquisition$11,507,958Paid By City50%$5,753,979Costs by Developer$5,753,979Amount Financed $4,000,000Equity Required $1,753,979(with acquisition costs)$2,254,079Monthly Mortgage Payment $28,0007.50%30 years 10 year balloon renewableunits100Rents750Total Rents$75,000Expenses 50%$37,500NOI$37,500Monthly Cash Flow$9,500Cash on Cash Return5%After doing the calculations, I think it could work, but it seems unrealistic.

Ask for a demo.

I would imagine every trade including demo being 5-6 days max.

Need to renovate 1.5 bathrooms, replace a kitchen countertop, interior & exterior paint, install vinyl plank flooring, new roof, demo/remove a sub-standard addition, etc, etc. 

The structure cannot be used so we would have to demo it or account for the demo in our deal analyzer.  

Of course, you'll know better than I what rental demo you want to shoot for.Hope some of that is helpful!