For multi family, you would have to invest in rough areas to get something below $100K, or be prepared to put another $50-$100K into the property if it is in a good area. 

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(see below)My main question is: Do these estimates seem reasonable to those of you who have done this for a while?

Rents on the 2 units in the residential units would be increased in the next year, as they are at least $100 below market.My dilemma is that improvement of a roof does not add major value, and given this is considerable cost, I am not sure if it’s still a good deal.

She was on a month-to-month lease and so the reason for serving notice was not needed, however, when confronted I told her I was looking to renovate and increase rents.This morning at 4 AM there is a leak coming from the ceiling in the apartment below hers (coincidence?

But check out below what he said to me in regards to this: "First, there are depreciation issues among many other possible factors on the tax return which would be calculated into the K-1 numbers, along with the fact that there would be capital gain/loss rather than ordinary income.

By that I mean most folks live beyond their means, but some live way below their means, and yet, for these people, many asks, how could they be happy?

He went on to mention that he raised the rents to just under $15 below market rate, and got the tenant to sign a 3 year lease if they would agree to allow a remodel (which he gave them a selection styles to pick from).Thus, he was able to significantly accelerate the asset stabilization process from the very beginning by increasing rents, remodeling, and getting new leases.What's your success, failure, or near casualty that you escaped? 

Hi, LoopNet.com is a good option, it has all types of commercial property but you can filter it down to just multi family properties.

Also, if a home was purchased and "Brrred" then the property could be sold to the child at a below market price (with the 7% interest built into the price) putting them in a position that PMI might not be an issue due to the equity built in from the renovation.