I had done a couple of deals in Southern California, selling the last one this last September and just had the proceeds from that sale sitting in a Money Market doing squat. 

I’m interested in collecting “ground rent” with little to no tenant complaints ever … no trouble calls about leaky roofs or plugged up toilets or air conditioners that go out on the hottest day of the year.If the only real value here is that of the rental cash flow, what’s this thing worth?

The house is all electric and very high efficiency with LED lighting, low flow toilets, brand new heat pump providing heat and air conditioning.The majority of respondents to my renter profile respond that they don't meet the minimum 600 credit score.

Which from what I've gathered from agents will end up with me getting all the contents and damage evaluated with depreciation and getting squat come claim time.  

Now 3k isn't squat for a return.Sure, you can pencil your way to a higher profit,  but I'd wholesale it and take 5 to 7k maybe 10k and call it a day.Good luck,Jim 

I have 4 duplexes and have never gotten the 2am call about a clogged toilet.

It doesn't mean squat.

I paid a small local plumber 25 years in the business to to replace both inside guts of the top tank bowls for 2 toilets and flappers with chain.

All units will need updated kitchen (plus appliances), bathroom (plus new tub, vanity, toilet), expansion of kitchen in one unit, whole new kitchen area for another unit, new floors, paint in all units, plus new HVAC, plumbing, roof...

.- Additional subfloor (wood) and cement board (floor) $100- Shower cement board $75- Waterproofing Membrane (I like to do this) $150- Shower wall tile (80-90 SF) $150- Flooring tile (30-40 SF) $100- Tile setting and grout $75- Vanity with top and mirror (24" it looks) $250- Toilet, wax ring and feed line $100- Faucet, feed lines and trap $75- Trim $25- Accessories $40- Fan/light $150- Vanity Light $50- *Shower diverter valve with trim kit and plumber to install and help set tub/drain. $750- Screws, adhesives and fasteners (cement board screws, caulk, etc) $50- Paint $40- Miscellaneous $100TOTAL: $2530With all of that said these numbers would be my BASE run, and assuming I was spending my budget amount on each item.